When will it end?!

[TeePee4Prez]

Option 5.  Keynesian economics takes time and will eventually work.  He's cleaning up the mess of the past 28 years and spending in the RIGHT areas.  Former Rep. Dick Armey thought there would be a Depression after Clinton got in office.  Didn't buy the "doom and gloom" then, won't buy it now.

[TeePee4Prez]

Option 5.  I think the downturn is overblown, but still bad nonetheless.  DOW will drop to 6000, but recovery to 8500 by New Years 2010 is likely.  Unemployment will top at 11-12%, but will normalize to 6% by 2011.  A Dow increase me thinks will lower unemployment sooner than past recoveries for this reason- Baby Boomers will be ever more comfortable with hanging it up leaving the workforce and more positions will open for Gen X and Yers.  A lot of the economic malaise in my opinion is Baby Boomer stagnation and greed.  Generalization- They don't want to train the younger generations, they're arrogant and think younger employees are idiots.  Because of the market being down, most are hanging around.  Look at the unemployment by age bracket.  The Under 30 crowd is getting hit brutally while the Boomers are well under 5% STILL. 

I think Obama is doing the right things generally, but more focus should be on education to meet the needs of upcoming talent shortages.

[TeePee4Prez]

Question now is do I tell some of the youngins in here to go for education and health care and bolt from finance/accounting, construction, real estate and other industries?  Nah, I probably shouldn't because one thing I've noticed is every other woman under 25 I know is a nursing major and about half the rest are in some medical related field.  Think about the eventual supply and demand on that one for a moment.

[TeePee4Prez]

'Recoveries' (World War II, for example) only happen because of government policy. Recoveries, on the other hand, are a product of the efforts of free people.

What does GDP equal.  Consumption+Investment+Government Spending+(Exports-Imports).  You're both right!  What needs to be stimulated right now?  C.  It's that simple.  Will G help with C?  Absolutely.  Do we have to worry about inflation eventually?  Sure, but not now.  Simple microeconomics doesn't solve everything.

[TeePee4Prez]

It's amazing how the doom and gloom liberals have changed their tone in just a couple months.  not even a year ago, every tiny issue was the next major crisis.

Prophesizing gloom and doom ALWAYS benefits the party not in power.  Politics 101.