(Extreme conservatism prevents him from government intervention of the free fall stock market like 1930s; his belief is "Supply and Deman will play it out";But he forgets,"In some occasions, the market will run into failures and requires the government intervention according to Ronald Coase. The Great Depression is a prominent case!!!")
2. Major brokerage firms collapses: (Extreme conservatism prevents him from rescuing major brokerage firms such as Morgan Stanley and Dean Witter- caused by Telecom junk bonds trading losses, crude oil contract trading, and other US treasury trading losses recently)
3. Nuclear war break-out in the middle East due to his lack of foreign affairs experience.
4. Oil boycott against USA from Arabian nations and the crude oil price tops $70 per barrel. USA economy runs into The "GREAT DEPRESSION"
5. Oil slicks all over Alska due to oil tankers and oil pipes' spills, Lots of Wild Animals' dead bodies laying all over the ground. The ground is all-black and so sticky and slippery for anyone to stand on.
6. New billionaires created in oil industry and West Coast and East Coast Beaches full of dark oil slicks from oil spills of oil tankers. The dead bodies of sea animals lying all over beaches, flies flying over the dead bodies of sea animals, awful smells emit from the dead bodies of sea animals.
7. 20% unemployment rate due to high energy cost (without a plan to develop the substitute energy), high interest rate, and investment community reluctant to invest in projects.
8. 20% interest rate emerge due to huge tax cut, the skyrocketing budget deficit and national debts, and the devalued American dollars due to the global confidence loss on USA's credibility and capability.
9. 90% decline of investment pertfolio and real estate properties.
10. Huge trade deficit, reaching $1 trillion a year, aggravates with the US dollar devaluation.
11. Military operation failures due to the lack of knowledge of military from George W. Bush, who dodge-draft during Vietnam War.