It would be nice to think we just had the worst recession in 100 years (excluding the depression) and we have quickly bounced back and will enjoy a typical "V" recovery. Only this downturn was far worse than a garden variety recession so the recovery should not be typical.
To make matters far worse, consider what the US government has actually done to fix the underlying problems? Nothing
What did you expect President Obama and his economic team to do? Decreasing debt and taxes plus waiting out a depression in order to get a fresh balance sheet may be the correct thing to do but in a democracy it would be political suicide. In times of economic crisis the Chinese communists are sadly in a far better postion to handle it than the US.
1. IPCC Researchers Admit Global Warming Fraud ...Michael Mann, professor of meteorology at Pennsylvania State University, whose influential " hockey stick" graph warning of pending global warming eco -catastrophe... Business & Finance > Investments > Stocks (A to Z) > Stocks D > Dynegy Inc. (DYN) rogerabc100 23-Nov-09 05:29 pm