What Are the Odds of a Depression?
International evidence suggests there is a 20% chance our stock-market crash will lead to much worse.
htthttp://online.wsj.com/article/SB1...23967.htmlp://
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The more the government intervenes in a recession the longer and deeper it becomes. This is why the Great Depression lasted 11 years only to end because of the massive need for war production. There was even a recession within the depression in ‘37 and 38.
How FDR used the government to intervene was only a drop in the bucket compared to what Obama is doing. The question is not, “Could this lead to another great Depression” the question is “Who will stop this madness’!?
The cover of his budget is titled “The Era of Responsiblity”. Everything from this Administration is a deliberate attempt to deceive.
Obama’s goal is not economic recovery. His goal is a centrally planned government economy, Socialism which is a step away from Communism.
He gets asked a lot of questions. The one question President Obama needs to be asked is this, “Are you able to demonstrate a time in history when how you are using government to intervene has ever improved economic conditions?”
This level of spending is like saying gasoline didn't put out the fire, so let's try MASSIVE amounts of gas.
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