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Please correct any misperceptions here (not a great background in economics!): I’ve been questioning all along exactly what our situation is, because initially I didn’t see indications at all of the widespread financial meltdown. It’s largely a matter of confidence, right? And I just didn’t see evidence of lagging retail sales, for example. It seems to me that we believed we were in recession only because we were TOLD we were n recession. No I guess there’s downturn regardless of how we started out. Was it manufactured?

I have not posted since the election, but I must post this
opinion:
1. there was no crisis - it was manufactured and BUSH seemed to play the part of a buffoon with his deer in the headlights speaking moments on TV and then was seen scurrying back inside the white house - Did anyone notice how that was staged it made him look so much more weak and clueless..WHY??
2. Lehman nor Bear Sterns did not need to go BK
3. Cox at SEC never suspended short selling or reinstated
the up tick rule- WHY??
4. Mark to market rules (which made BK many banks, insurance AIG, and investment firms) could have been suspended
also by the SEC 5.those posting that much of this “crisis” could have been postponed to after the election are correct
6. Both victories of McCain and O”bum”a in primaries seem to me to have been pre determined by some group.
7.McCain did not seem to want to win - and went out of his way to assure everyone O”bum”a was a FINE MAN.
8. MSM esp CNBC stirred the fear in the country about a meltdown.
ADD IT ALL UP and it seems very clear: a plan was put in place and run very well.
for what end?? (outside of the election)well that is yet to be revealed.

Please correct any misperceptions here (not a great background in economics!): I’ve been questioning all along exactly what our situation is, because initially I didn’t see indications at all of the widespread financial meltdown. It’s largely a matter of confidence, right? And I just didn’t see evidence of lagging retail sales, for example. It seems to me that we believed we were in recession only because we were TOLD we were n recession. No I guess there’s downturn regardless of how we started out. Was it manufactured?

If not flat-out "manufactured", then at the very least it was greatly exacerbated by the actions of the Administration and Congress. They say the markets quake every time the Fed chairman coughs, so can you imagine what happens when the Treasury Secretary proclaims the end of the "global economy" as we know it? It turns a nervous tick into a seizure of panic; it quickly feeds on itself (as you correctly observed) and becomes a "self-fulfilling prophecy".

Paulson and the rest of those animals could not possibly have sabotaged the economy and stirred a panic any more effectively than the way they did it. There was a reason for doing what they did - - improve the election odds for Barack Hussein Obama.

But hey, I'm just tilting at windmills here.

FRegards,
LH

Absolutely manufactured... Without a doubt