“My biggest worry, quite frankly, is that we’ve already drank the economic cyanide, and what happens in 2010/2012 won’t change the fact that we’ve ALREADY committed suicide with Obama’s policies.”
I’m convinced we have. Our only hope was to keep Dems from gaining control in 2008 and we failed. I expect chaos.
I wrote this in March, and see little need to revise it.
http://www.rightofatilla.net/index_files/Page532.htm
I looked through your article. Quite a few good points therein.
I think that people should understand that we’re not at a point of a linear downward slope. That point WILL come, but there will be a lot of little ups and little downs.
Go back to the Great Depression as an example. A couple paragraphs from the Wikipedia article are illustrative:
“The Great Depression was triggered by a sudden, total collapse in the stock market. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[10] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.
In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing.[citation needed] By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933.”
I personally believe we’re in the same sort of dynamic. The stock market may go up, and unemployment may go down, but those will be temporary “gains” that will be consumed by other, more powerful forces acting against our economy (such as massive interest payments and soaring interest rates as the full weight of our debt begins to reveal itself; and such as the massive regulatory and tax burdens Democrats are seeking to impose at a time when they should be doing JUST THE OPPOSITE).
Interestingly, the cap-and-trade legislation most Democrats and Obama WANT to impose carries its own version of Smoot-Hawley. To wit, if countries like China and India don’t “play ball” with liberals’ stupid global warming agenda, they will impose tariffs - which will trigger a trade war, which will trigger a depression.