Wow, am I glad,
that pesky recession is finally officially over, as of June, '09. I was kinda worried that it was gonna be serious, but obviously we dodged a major bullet. Seems the Bush crowd didn't really wreck the economy with $147//bbl oil, 'oops, bad info' war, financial rule changes to allow 'liar loans' to whoever wanted them, and basically pissing off the whole world with their 'torture is OK, but only if nothing wlse works' mentality. Whew, was pretty close there, for awhile, when it looked like unemployment was gonna be a problem, with more people walking away from their mortgages every month when they found themselves under water and sinking deeper. Maybe the Fed should lower the interest rate? Never mind, Bush already shot all the bullets out of that gun and it's officially at zero. The real news? Now we can officially enter 'double dip' territory in the near future. WWII officially got us out of 'The Great Depression #1', but I don't see any such good news on the horizon for this one.
Comments