FDR continued the Depression for another decade, so why wouldn't those same policies on steroids by a man who considers FDR to be his hero? I now believe that this is an intentional move by Obama to intentionally depress the United States so that he and the Dems can build a permanent one-party government and permanently sabotage the United States Constitution.
I am not quite as bearish as this commentor, however. I think Obama will succeed in building his one-party rule. It will stagnate economic activity, but will help him build his "dictatorship of the proletariat" (as Carl Marx called it)! Obama and Jesse Jackson call it "economic justice" or "democracy of capital". The methods and goals are the same as Marx'. It's just a game of semantics! They are counting on the ignorance of the masses! The sad thing about ignorance is that those who possess it -- don't know it. Worse yet, they'll never admit it, either!
from CNBC:
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
“Right now, being bearish is nothing more than being realistic with what’s going on around us,” Hefty told CNBC. “We still have demand in this country coming down—it’s not going up, and it hasn’t stabilized.”
Hefty said he is most concerned about the following issues still facing the economy:
1. Next February—Mortgage “Armageddon” starts: “This is a middle and upper-class problem. These people want to spend—they make up 70 percent of our consumer-driven economy—but they’re not going to be able to.”
2. California: “If it goes bankrupt, it’s going to make Lehman’s bankruptcy look like child's play.”
3. Obama Administration policies: “If the health care bill, cap and trade and these kinds of policies actually pass, and penalize anyone in this country that actually knows how to make money and create jobs, it’s not only going to push unemployment in double digits, it’s going to keep unemployment in double digits…This is going to create a very long sideways market.”
