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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (372908)7/14/2010 4:16:37 PM
From: Nadine Carroll  Read Replies (2) of 793955
 

As for the economy, Bert Dohmen, who wrote a book in 2007 predicting the collapse of the financial system in 2008, says that the sustainable bottom will not occur until 2017. Reason being that we are not in a cyclical depression but a secular depression.

That argues strongly against Obama "sitting pretty" in 2012 in any kind of way. Remember, by 1984 the economy had turned around and Reagan could run on "Morning in America".
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