[wmfights]

WASHINGTON – President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.

The interventionist approach is turning a hard downturn into a chronic downturn. By the time the American people finally figure out that govt can not create a perfect life for you it may well be too late.

I've never worried too much about Fed deficits as long as they were a small % of GDP and there were countries eager to buy up our bonds. However, if we start running Trillion dollar deficits it won't be that long before our bond rating tanks and then what?

[rabscuttle385]

However, if we start running Trillion dollar deficits it won't be that long before our bond rating tanks and then what?

The nightmare that is life on the Federal Plantation comes to and end.