Obamacare going to suck us back into a depression.
Were we ever OUT of a depression from late 2008 on?
The desperation of the Troubled Asset Relief Program (TARP) was evident even in the very early days of its application, but rather than cancel the program, the principle was applied on a wider and wider scale. All the various bail-outs and the US Treasury being used as a source of venture capital for the “favored” industries, were just a more modern version of the “National Recovery Act” implemented by FDR back in the early years of the original Great Depression.
Interesting, also, that the worst part of the Great Depression came in the SECOND FDR term, in 1938 and lasting until the war industries began cranking up.
We have to do our part, in the same manner that Dems are always in campaign mode: live within your means (don’t borrow to buy), and a LOT of Obama supporters feel the pinch. Restaurants and stores close, to be replaced by tattoo parlors and pawn shops hiring a fraction of the employees (the new economy here in the northeast); pay bills online to stop feeding the gubmint postal service beast (I admit I was a latecomer to that one - out of sheer laziness), and shop Wal-Mart (or wherever the price is best). There is nothing wrong with looking out for the well-being of your children with fiscal prudence; the collateral damage is just gravy...