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Obama spent the last 2 weeks negotiating the US bond rate down. His job, on that front, is considered a victory by the obamaites. Now the spiral downward accellerates. Interest rates will rise on Monday. Fewer cars, fewer homes, fewer all commodities will be bought....all will result in accellerating the unemployment rates. Prices will rise. Loans will dryup. Callable loans may well be called resulting in more and more bankruptsies. More unemployment means more human mysery, tragedy, and difficulties. There is nothing good to come from this event. Extricating ourselves from this circumstance will become increasingly difficult, made even more difficult by a feckless president, a craven congress, and the entitlement community, now represented by 44.4% of the 340 million people living in this country.

Gird your loins, Freepers. This is an economic nuclear detonation which may well relegate this country to the likes of Greece and Italy.

The states will fairly quickly follow over the next year....when the welfare checks fail to be mailed or fail to clear....our city streets will swell with malcontents and those requiring of the producers of this country that they pay for their needs.

This nation shall be in travail, with leadership without a clue how to deal with this mess. Their menu of choices, by definition, is filled with only wrong choices. It cannot fathom the idea of free market ideals creating the truth of profit for success and the failure of those individuals who fail to do so. Therefore