OT "While GW is reluctant to admit a recession is even possible--"
That is a damn lie, GW is vigorously attending to a slowing/receeding economy. This is in stark contrast to the Klinton/Gore response to the recession they left Bush, but wouldn't address because of politics. Bush accurately identified a recession to liberal/moronic protests, "you're talking down the economy."
Well-- your in a minority group that thinks GW acted quick enough...The 100 point drop out of the Stock Market while he was speaking came because he still was spin talking and not telling folks straight up where things set....Or do you believe the majority of economists are wrong-- and your Idol is right :???:
OT " some of the foreign economists are now saying from their experience with recessions around the world- they see this one as being Deep and Long- some saying as much as 5-7 years....And that it will deeply impact every person in the US before its over-":
I've watched this coming for many years-- and many on here called me a "pessimist" and a "GW basher"-but uncontrolled spending with no income while running up a $9 Trillion debt can't continue forever-try it at home and see how long it lasts :roll: :???: ....On top of that the Administration (and all the way back thru Clinton) has given out false inflation/employment information which just created a false illusion of things being better than they were....But now its came to be because of that and the fact GW refused to do any regulation over any industry or anything that would affect his elitist buddies-even allowing tax breaks/no bid contracts for industries that moved overseas-- and what it turned into was a rich mans license to steal....I'm sure his elitist buddies who invested in the Iraqui and oil fields of the world will suffer little if oil has to drop to $75 barrel to sell it- but the middle and lower income folks who have had years of stagnated wages while losing the nations hirer paying jobs to overseas workers- are now losing their houses because of unethical/unheard of banking principles and practices - and are now staring at double digit inflation - combined with a dollar whose value is continually shrinking will....
This corretion is more than 10 years overdue and its delinquiency will no doubt worsen the impact. The US stockmarket has likely ended a 75 year bull run. Only stupid or dishonest (Democrats) people will even try to put these historical events in GW's lap
I'm a believer that when you are the Watch Commander-- Everything that happens on your watch is your responsibility...And for the last 7 years GW Bush has been the Watch Commander!!!!I know many on this site only like to agree to that principle when the Democrats are in control- but since I don't bow to either party- I'll put it where I think it belongs...
And with a correct economic policy a correction can be made quite painless- instead of what now could be a 10 year suffering period- or as some economists are warning if GW doesn't move- a US economy Armageddon (breakdown)...While it appears that will be headed off if GW and Congress act- and act right- some economists have compared our economy right now to those of post war Germany and some South American countries where inflation ran at 40-50%....We will probably avoid that since we have an "open" economy and will be pumped up by the Arabs and other countries of the world buying up and owning more of the country 
...But even with that- some are predicting a return to 15-20% inflation- and an economy that the economists are now calling stagflation-- stagnated wages (if you have a job) - high inflation- and continued deflation value of the dollar....
OT, "as while now its only beginning to hit the big financial and corporate interests-- but that this will domino effect down to hit mainstreet USA hard before its turned around...."
Sooo did you acidentally endorse "trickle down economics"? Woops!
I always did endorse the trickle down economics, to an extent-- as long as the guarantees are kept in place for the trickle down to occur- but when you stop enforcing all those regulations for the Top of the mountain folks-- the creek dries up.....Reagan who was the father of the trickle down theory- but also a great supporter and backer of small business- which hasn't been done at all in this Administration as GW promoted-"bigger, better, faster" in his efforts to have the global economy put in the hands of only a few Corporate conglomerates- and the little guy be damned....
