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I have that strong apprehension as well.

I think we fail to conceive how thoroughly hoodwinked we are by the media.

Its also difficult to conceptualize the economic impact of gasoline that is nearly 1/3 the cost it was 18 months ago. That is a huge mutliplier back into the economy.

I do not want Obama to get credit but there are some factors in the mix that make rebound probable.

In some ways, if he raised taxes it would nip the growth in the bud and make him look really bad.

I beg to differ with you both. I think we are really heading for some tough times. I'm not sure how tough, but a lot rougher than we've seen in many years. I do believe there are at least 3 reasons.

1. The media and dims have been talking 'recession' for at least 3 years and many who have never lived through one have believed for quite a while. They have taken on a scared attitude and are looking for the 'magic negro' and papa federal gov't. to bail them out.

2. The damned washingtonians are are going to 'push on the string' with bailouts even more than they have and greatly multiply the adverse effects of proping up dishonest scum and scalawags both in and out of government.

3. This mass increase in the lendable money supply WILL come back to haunt us in rampant inflation at some point. The whipsaw of deflation/inflation will have the possibility to devastate the economy.

As a side note, my parents lived through the 'Great Depression' and it would take a WHOLE lot to even approach those depths again.

Nam Vet

I’m sorry, but the media doesn’t ‘hoodwink’ the unemployment figures.

Ask anyone in commercial insurance in the southeast, businesses are dropping like flies, which means so are jobs.