[tobyhill]

This is Obama’s self-fulfilling prophecy. He said for a year now it's worse than the Great Depression and he will make it true. The only problem Obama is having is that it's not coming fast enough to where he can still blame Bush.

[TomGuy]

The only problem Obama is having is that it's not coming fast enough to where he can still blame Bush

This one started on Bush's watch.

I heard one report over the weekend say that unemployment is rising and may actually already be nearing 20%. The 'official' numbers don't count those who have been used up their UE benefits.

If that is true, then we had a massive cover-up under the Bush Admin, because UE is determined on the previous 3 full quarters. That would mean that UE was much greater than the 'official' 4-5% rates for 2007 and early 2008.

There is a reason that Bush and Paulson were making speeches and news talk appearances in the spring of 2008 with the 'all is well' message.

Considering the rapid nosedive of the whole economy -- employment, banking, housing, insurance, stocks, auto, etc. -- they had to have known that big problems where on the way. The economy is like a freight train. It doesn't stop and go on a whim. It takes allot to slow it down; it takes allot to get it going again.

There had to be signals in 2007 and early 2008 that an economic tsunami was coming.