Nonsensical comments, abuse, baiting, ranting and leftist stupidity will not be tolerated.
In "shambles"???? If economic shambles means 5% or less unemployment, then I'm all for it.
Yeah the housing construction bubble burst, but that's what all economic bubbles eventually do.
The Bear Stearns mess was created by people, not the economic situation. Ditto the rest of the mortgage lending mess.
The worst recession I can remember was in 1982, when Reagan & Volcker started to break the back of inflation, which was rocketing along nicely at a high percentage[ I can't recall the exact number though]. Unemployment climbed to almost 10%. Interest rates had soared to close to 20% at the time of Reagan's inauguration.
And people think they've got it bad now?? Methinks some people have been spoiled rotten by economic expansion..
For inflation, one needs only turn back the clock to the last half of the 70's - under the worst President in American history, PeanutBoy carter - when double-digit bad news was all we had.
As for the rest, the dumb-as-craps and the collaborators in the media are attempting to induce a self-fulfilling prophesy.
I prefer fact to fiction in my news, which is why I've been boycotting the broadcast networks since 2001.
Commenting by HaloScan
