There can be honest disagreement about whether the remedies proposed by the Obama administration are good ones. What can't be denied is that this is a perilous economic situation. What happened in the 1970s, and again in 1982, was bad, especially the inflation. But you didn't have large institutions flaming out one after another or this kind of drop in the stock and housing markets. (Simultaneously). What really mystifies me is that you persist in blaming it all on Obama. Not only was he not in office as the crisis built, the Bush administration reacted much the same way once they realized how serious it was.

You don't have to like him or his policies. You don't have to believe in him. You just shouldn't try to pin things on him that were in no way his fault.

>Nick, I'm not right-wing - I'm libertarian. Yes, a hiccup. I'm tired of all this garbage that this is the worst economic crisis since the Depression. It ain't. Look at the 70's with price fixing,energy crises, 20+% interest rates....but Obama and his cohorts have managed to convince everyone that everything is a crisis and that's how they are getting away with stuff that would have been unimaginable just a few years ago.
>
>>An "economic hiccup". Is that how its now described in the political badlands that are the US right wing.
>>
>>>The hand that was dealt him??? From whom? He took an economic hiccup and turned it into the greatest deficit spending and land grab bonanza on the part of the Feds the world has ever seen.
>>>
>>>>Please, Mr. John, don't cut my cojones off! LOL
>>>>
>>>>Let's just say we seriously disagree about Barack Obama. I don't think he is an ideologue at all. He is playing the hand that was dealt him. IMO he is the steadiest minded president we have had in a long time.
>>>>
>>>>As I said in another post a few minutes ago, the assignment is going great. You should keep them in mind for the future. Can tell you more privately if you like.
>>>>
>>>>>Mike,
>>>>>
>>>>>BTW, before I cut your cojones off, let me say that I hope your assignment is going well and wish I could be there.
>>>>>
>>>>>The market is up partly because there is some artificial trading going on. Money is being dumped into the market that wouldn't be there normally and I don't pretend to understand why but that's what's happening.
>>>>>
>>>>>I think most of us anti-progressives did give Obama a chance and he's spit in our face. He is the imperial President; new czars all over the place that usurp the tradional powers of Congress. And then, hey, date night in Manhatten at taxpayer expense. Funny, I don't recall Bush doing that. But I guess Nero fiddles....
>>>>>
>>>>>Obama is the biggest ideologue we've had as President since FDR. He will do what he wants to do and it'll all be cloaked with BS...and then the sheeople will wake up and realize they are paying 2-3K more to the Feds than they used to. Too late then.
>>>>>
>>>>>>>I agree with you. I would love to see us energy independent and tell OPEC to eat their oil for breakfast. But sadly, we've a ways to go yet.
>>>>>>>
>>>>>>>Off shore drilling would certainly help. It would also help to create some of those jobs that Obama said that he was going to save or create with his spendulus package.
>>>>>>
>>>>>>Give the guy a chance, Marcia. The stock market is up three months in a row under his tenure and his approval levels remain at historic highs. I know you do not agree with him philosophically. All I'm saying is keep an open mind.