Since the media can't figure out that the reason Bank Of America is charging a monthly fee for using a debit card is that they are limited in what they can charge the merchant, then the media will never be able to figure out any of the other problems that cause so many the symptoms that turn into economic troubles that the media can understand. And if they don't understand it, they can't explain it to the little people who vote. In the meantime, the media blames the greedy private banks for the fee increase.
And why are the banks limited in how much they can charge a merchant for a debit card transaction? Start working backwards and when you get to Chris Dodd and Barney Frank, you're getting warm.
If Obama wins in 2012, IMHO, America is finished. I don't see a way to recover. The Fed is out of bullets and we are out of money. How will we mark time or coast for another 4 years unless Obama has an epiphany? His religion says capitalism is the problem, not the cure. His textbook is Mao's little red book, or maybe he read the book Chavez gave him at that meeting back when he was first elected.
If McCain had been elected back in '08, then maybe,( I know I can't get in his mind), It may have been possible to lower taxes and cut spending to cut the recession short. A short history lesson shows Bush 43 came into office in recession and he cut taxes and his recession was the shortest and shallowest in history. If Obama had cut spending and taxes when he came in, he may have run up a short term deficit, but it would have taken the pressure off of the job creators and business would have responded sooner. As it is, he spent the "recovery" deficit money on propping up unions and sweetheart payments instead of helping the economy. Now the unions are still killing business and costing taxpayers and the donors are still giving money back to the Dems, but all we get is the bill and more deficits. He has actually done harm to the economy and not helped anyone. Even the union members will eventually be fired as there is still no money to feather bed them anymore.
The next president, no matter who it is, has no money left to "stimulate" the economy. We spent over a $trillion and got nothing but a huge tax bill. If he had just dedicated, lets say, $500 billion to tax relief, we would have at least taken the pressure off the businesses and only ran up the deficit half as much. It's not that we didn't need stimulus, but Keynesian's don't stimulate the right people. Giving wino's and retiree's $250 to spend at Walmart doesn't create jobs. When the money is spent, you wait for the next check. Same with building a bridge. When the bridge is finished, the workers are laid off and waiting for the next gubmint check. If you give a tax break to a business, he figures out how to use it to expand his business, hire more workers and build the bottom line to make more money and pay more taxes.
It all goes back to giving a man a fish or teaching him how to fish. Keynesian's are the problem, not the solution. They will tell you with a straight face that we should have doubled the stimulus package to get it to work. What we really need is a $28 trillion debt and a $3 trillion deficit and we will be rolling in jobs. That is what we are dealing with as the Obama "religion".