Wow. Just wow.
It should not be that bad. I’m trying to make a point. But it could be that bad. That is why I’m trying to make the point. I don’t even want to risk it being that bad. I think we are in for a long deep recession, maybe 5 years. Nothing catastrophic but a lot of pain for those who can’t get jobs and not much fun and no raises for those who have jobs. The stock market will level off and retirees counting on asset appreciation will have none and see their retirement savings dwindle.
I don’t expect a depression, but lets not kid ourselves that it isn’t possible today, just because we are such technologically advanced people. Bunk. It CAN happen today and it can happen in the blink of an eye. Lets not give it a chance. Lets fight this thing first, and then we can go postal on socialsts and socialism.
If things do get bad, very bad, depression bad, and Obama is president, this idiot electorate is going to give him ALL of the Socialist power FDR could ever have dreamed of. I don’t want to give a President Obama that chance. If Freepers successfully persuade Republicans to oppose this bailout and the economy tanks, as it will, then Obama will become president and he will be the most socialist president we have ever had and will be given emergency powers by the Democrat House and Senate.
Just how in hell is that better than holding our noses and accepting an unpalatable $700 billion monetization of private debt? I can’t see it. We are tossing the baby out with the bath water.