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Politics : View from the Center and Left

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To: Dale Baker who wrote (105305)	3/2/2009 8:22:58 PM
From: quehubo	Read Replies (1) of 540836

Yes those are good points. At the end of the day there appears to be much discretion on how much, when and to whom the existing regulations apply. Where were all the internal controls from all these companies? Either way I stand by my bearish pessimism. Consumer behavior has changed for the foreseeable future. There will be no recovery in global economic on the back of American consumers. The best thing Obama can do for the well being of the nation is to recognize this. He needs to figure out how to put all these recently laid off workers into something not related to Finance, commercial or residential construction or retail. People who have jobs will need many years to reduce debt and raise savings for retirement. People who have no jobs wont spend much at all.

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