First of all, I never said I was an economist.

Second, there CAN be a no federal bankruptcy because while we can inflate the currency, that will only work so many times if the root problem is not addressed.

Some balance between the following will be struck:

1. Higher taxes - assuming you can do this, as eventually you'll find you can't get blood out of a turnip.

2. Deliberate inflation (loss of current wealth for those with cash and who own debt) - which I expect at the end of this year...only eventually it can catch up with you as it makes your money less valuable overseas.

3. Less services. - which would in fact be a logical alternative, but one in which (as we can see even now in California) is something which will be fought against on all fronts.

BTW, humans do not always do the rational set of things for their economy. Again, California is proof of that.

And again, I am NOT an economist, I merely state my opinion.

"Here is a dirty little secret - American taxpayer is making out like a bandit with the TARP funds and other related programs put in place by Bush. The stimulus package by Obama on the other hand? I give us approximately 15 years until the yield on Tbills skyrockets and 35% of GDP is servicing debt. In other words, until spending puts us in serious jeopardy of bankruptcy as a nation."

Wow...you sound like you've had a few economic classes. I've tried to tell people this and at best have been ignored and at worst ridiculed.

You laugh but Hillary was a pretty political person and had some idea what she was doing.

Obama was a state senator and then a federal senator for 1 year or so before running for President. Now, a lot of the things he's doing are, for Washington anyway, kind of amateur mistakes. Nothing major, mind you...but stuff Bill and probably Hillary never would do.

the polls for Obama sink like a stone in the water. And I suspect they haven't bottomed out yet.

Ironically, if Hillary had been president, she most likely would still be riding high. She had enough time in politics to know what she was doing.

"What about the bazillion $ bailout of Wall Street begun under Paulson and Bush?"

Um...I'm curious...are you referring to the bailout? If so, the part Bush pushed for was for Fannie Mae and Freddie Mac - banks I believe.

Or was there something else you were referring to?

with what Rush said, I have to say that Pelosi is the one who brought up the Nazis first...as for others criticizing Rush's comparison, there are a number of organizations and people who compared Bush to Hitler...and to a chimp, among other things.

If you want to throw rocks, you'd better not be living in a glass house of your own making!

I give Clinton cudos for going...it could have been a trap or something.

But look, the guy has an addiction to sex...and if one of those young ladies was my daughter, you can bet I would fly to the NK airport, thank Mr. Clinton for saving my kid, and fly back with her close beside me.

Sorry but that is the way it is.

A comparison between Obama and Hitler doesn't make much sense. Hitler was a Fascist. Obama is, if you have to compare him to something, a socialist.

someone who sees what's going on. If our economy recovers, it won't be because of any stimulus package...it will be because of the American people.

See right now people see the government bailing out banks and large businesses. Is it any WONDER people are skeptical of investing in the same? Then our government threatens to financially tax those who could invest in said businesses by an additional amount...and we wonder why they are cutting back on giving to charities and colleges and institutions and are withholding their money? THEN we talk about raising the deficit more than the $1.5 trillion we've already raised it for healthcare.

Given the above, I expect to be in this major recession (or minor depression, depending on how you want to view it) for some time to come.

with what Rush said, I have to say that Pelosi is the one who brought up the Nazis first...as for others criticizing Rush's comparison, there are a number of organizations and people who compared Bush to Hitler...and to a chimp, among other things.

If you want to throw rocks, you'd better not be living in a glass house of your own making!

With an unemployment rate still at 9.4%? With 1 1/2 TRILLION dollars more in the deficit?

Rah, rah.

Know what's really funny about this? The Republicans haven't mobilized a darn thing...they didn't HAVE to. All the Republicans had to do was to get the word out on what was being done...and the taxpayers took off.

Taxpayers don't want UNBELIEVABLE taxes to cover 12% of the population when 87% is already covered and 83% are HAPPY with the coverage they already have.

Now one of two scenarios will occur:

1. The Democrats push thru their agenda and get healthcare passed - but LOSE the House and Senate - and possibly the next Presidency - in the bargain

OR

2. The Democrats in Congress realize that if they pass this, they will lose their jobs and it fails to pass.

Only ONE of two possibilities will occur, IMO.

but the TAXPAYERS will!

Since 83% of the population is covered by healthcare they LIKE, then only one of two things are going to happen:

1. The Democrats push thru their agenda and get healthcare passed - but LOSE the House and Senate - and possibly the next Presidency - in the bargain

OR

2. The Democrats in Congress realize that if they pass this, they will lose their jobs and it fails to pass.

Only ONE of two possibilities will occur, IMO.