Eighty Years After the Great Crash — ‘Is It the ’30s Again?’ LOOK AT THE CHART!
By Daniel at 23 October, 2009, 9:14 pm
http://online.wsj.com/article/SB125581121032292239.html?mod=rss_Today%27s_Most_Popular
This recession is no where near its end and the community organizer is in so far over his inept head that we might be courting a depression. This crisis is based on the long term distortion of the economic reality and priorities to support democrat constituencies in the acquisition of a middle class life style without the benefit of finance or the burden of work.
The transfer of wealth from the productive to unproductive where it is squandered over the past 60 years is the source of this crisis. The mortgage default crisis and the policies of the permanent government bureaucracy whose mismanagement and corruption produced this implosion and has hamstrung the natural economic recovery by over regulation and absurd policy prescriptions.
This crisis is a failure of leftist bromides that infected both parties and the shallow dolt in the White House has no concept or concern about how to solve the problems because he has never produce wealth or success in any realm of his own life except for his ability to defraud voters.
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