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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (14771)	7/5/2009 11:46:55 AM
From: TideGlider	1 Recommendation Read Replies (1) \| Respond to of 103300

Just like the bills that go through the House. They don't only misread them, but don't even bother to read them at all!

To: GROUND ZERO™ who wrote (14771)	7/5/2009 1:37:01 PM
From: pompsander	Read Replies (1) \| Respond to of 103300

There is no doubt they misread the economy. The economic weakness was far, far worse than thought by most. The deepening unemployment rate is only the tip of the iceberg. Much more is to follow. The credit card bomb and commercial real estate bombs haven't run their courses yet. The Obama/Biden crew thought they could fix major systemic problems with cash infusion. Not that easy. Some feel the economy wasn't broken, but they were dead wrong. But what to do? The initial Bush stimulus (Bank focused) didn't improve lending. We didn't buy back the mortgages and the banks just squirreled away the money so they could pay themselves bonuses later. The second stimulus, Obama, was wrongly focused and will take a lot longer to kick in. Bigger government was its goal, building on bank ownership of the bush/Paulson first stimulus. Watch the trucking industry. We will soon lose two major carriers. Watch the tool industry. Lot more to go before this pain is over.