Not quite sure if we're in a depression with a capital "D" or not but it's sure starting to feel that way. Last night a panel of financial experts on cable news couldn't make up their minds what to do, we're in uncharted waters this time they're saying. Scary stuff. They say capitalism is dead, make way for Obama's brand of socialism coming to a neighborhood near you. One thing's for sure, with the government printing presses working overtime and China pulling out their investments get ready for high rates of inflation and even higher taxes. I think life in America is fixin to get a whole lot different than what we were used to.

Kruz

The recession of the early 80's was worse, with double-digit inflation and unemployment.
If these "financial experts" can't figure out what's going on they are fucking idiots.
Capitalism is not dead, their brains are. It's sad that they don't have the balls to call out the democrats, congress and the president for fucking things up in the first place.
Oh, and before some dumb-fuck Democrat starts snivlin', the Repubs sat there and voted for deficit budgets, and ignored the medicare/social security monster that is going to bone America up the ass.....a pox on both their houses.

America, and by default, then rest of the world is in for a major shit-kickin' courtesy of the insane, wonderously stupid monetary policies of the beclowned Obozo administration.
Capitalism is amazingly resilent, as long as you keep the ass-hats of gov'mint out of the system.
2 years till the next elections, then 2 more before America turfs out this moron of a "president".
Only then can America try and get it's shit together and salvage what they can before "Clownshoes Barry", and the Keystone congress destroy the worlds economy.

Capitalism is amazingly resilent, as long as you keep the ass-hats of gov'mint out of the system.

You just said a mouthful there, if the government had stayed out of it, Detroit, Wall Street and about half the banks that were lying, stealing and cheating the public would have gone tits up by now with their misfit CEO's looking for other lines of work (if there were any justice in the world, they'd be stamping out license plates in federal prison). Capital would reform, new entreprenuers would come forward willing to take risks and we would be on our way to a rapid recovery. It's called the "creative destruction" of capitalism and much like the mythical Phoenix that would periodically burn itself to the ground and then re-emerge anew it must take place. By artificially stepping in and subsidizing "zombie" banks and inefficient auto companies with massive infusions of public treasure (which has not even been stolen.....err... collected yet) by the government we are getting in the way of the massive market corrections that must take place. This has been proven time and time again, stop the meddling and let the market fix itself. This "quantitative easing process will stretch the recovery process out for years, maybe decades, witness Japan's lost decade.

Kruz