Thursday, July 29, 2010

Ever wonder what half a depression looks like?

Here's an idea of what we're dealing with. It is far from pretty. Suffice it to say, there is plenty of blame to spread around - just look for politicians who have embraced neoliberal economic theory (Most Republicans, many Democrats). Yes, it could have been worse, and from the looks of things, we're in for a very rough ride over the next several years. This was an economic disaster that could be seen a mile away - and not just in hindsight. It's just that those who were sounding the alarm were the proverbial voices in the wilderness. Is anyone in power taking heed now? Seems highly questionable at best.

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