[mad_as_he$$]

I heard Varney (I think) say that in order to recover the economy needs 250,000 new jobs a MONTH for the next NINE YEARS. Ouch.

[Huck]

My understanding is that we are in a secular bear market. These tend to last around 15 years. This one started in 2000, and will run til about 2015. Within the secular bear you have smaller, cyclical bull and bear markets. The runup in 2007 was a cyclical bull, as was the runup in 09 that started in March. This is all chart theory dealing with stock markets, but I think it applies to the overall economy.

It seems we're in for slow growth for a while. And that's neverminding the massive debt, and the gubmint policies that apparantly are putting off the recovery. We may yet have another steep drop. We may yet see more "crisis." And more gubmint intervention. All of which will cause this process to drag on even longer than it might have without such mistakes. But that's human nature, which I toss in with the cost of doing business. At some point it will all unwind. At some point new technologies will appear that will create jobs. At some point we'll get serious about energy independence. A new day WILL come. It may just take a while.

[wbarmy]

President Bush knew how to stop a recession and did it after the greatest single attack on a financial system which had ever occurred.

As if this President could learn from history.