Monday, February 09, 2009

What if there were a recession

and the federal government and the Fed did nothing, with Congress going home on an extended vacation. Based on what has happened in the last 8 months (and what happened 1929-1943), we'd be way ahead. The stock market has done nothing but drop since the markets woke up one day and realized Obama would be president after the Democrats met in the summer. When the congressional whiz kids decided to bail out the banks with the Ben and Hank (Fed + fed govt) dog and pony show, nothing recovered and everything got worse. The President's solution? Do more interfering. If a lot didn't work, much more might! Obama's numbers are dropping like a Bush in Iraq, and he's heading for the heartland to drum up support.
Hope and Change.
Hopeless change.
Less change,
changing hope.

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