You could be right ... but wait .... don't you like Michelle's arms?
It is not an original thought and some have alluded to it here on this thread, but basically we have set a new level of economic activity here in the US. The idea that this is a traditional recession and just wait until things pickup again is a fairy tale. Obambi thinks we are too rich and powerful, so we are going to change that.
So instead of 16M cars sold each year it will be 10M, instead of 2.5M houses built each year it will be 1M. Instead of unemployment at less than 5%, get used to 5-7M chronically unemployed people above what we have today. Instead of $2.00 gas, $4.50 will be the norm.
Sweden here we come. And it is not even being debated. It will take a revolution to fix it.
schu
Just returned from there actually, on Monday.
It makes sense that they'd want that for us. A very depressing lifestyle to spread their misery to everyone.