Unfortunately, the economy will more likely improve (by late 2009) than get worse ..... due in large part because oil/gasoline is at $1.49 a gallon --- which is the same thing as a HUGE tax cut for EVERYONE!!
Of course Obama policies would have kept gasoline at $7 a gallon, but the media and Democrats (same thing) will never allow that narrative to see the light of day.
People don't realize the effect energy prices have on the entire economy. I've said many times before that it was panic over possible $8/gallon fuel (in mid-2008) which scared many companies into slamming the brakes on growth and job creation.
In fact, methinks this entire energy spike was a contrived plot to destroy the Bush-Republican economy just in time for the 2008 election.
Combined with falling real estate, and overleveredged banks, etc ..... it was a deadly combination for the Bush Administration.
I've believed that from the start! It was just too 'timely' to be a coinkydink.