Will you focus exclusively on gov’t incompetence and ennabling, or will you have something to say about, lets face it, Wall St fraudulence?

Sure, all of it. I’d much rather stop the coming carnage than write a book about it 20 years from now.

Obama has the power to restore sane fiscal power, and if he does that, he’ll be ‘my guy’, but I don’t see ANY sign of that.

If this economy goes through the floor, it’s all on his head.

And maybe that’s somewhat warranted if you are focused on the financial errors that might still somehow be preventable. But 20 years from now, will the tale you tell of the crash of the 2000′s have a chapter on triple-A rated CDOs? Will you focus exclusively on gov’t incompetence and ennabling, or will you have something to say about, lets face it, Wall St fraudulence?

Yeah, he’s not dirty with this at all.

Yeah. Geithner. Because things were going just great til that asshole came along.

Actually, from the purely self-interested pov, I’d like to see both housing prices and stocks come down a bit more. Sold my last house, renting and sitting on cash here.

And if it does I won’t hold you to it. There’s gonna be a lot of those part-time & “disenfranchised” unemployed out there, too, who aren’t counted un the gub’mint calculation.

The only consolation one can take is from looking at a historical graph of the unemployment rate. Past performance is of course no guarantee of future results, but it usually provides a reasonable baseline for forecasting. Better than nothing, anyway.

What the historical graph illustrates is that during major recessions unemployment grows quite quickly. There is always a period of a year of so where the receding economy hemhorrages jobs and the unemployment rate goes from around 4 or 5 to the 8.5 to 10 range. In other words, the number of people unemployed roughly doubles. In the past, unemployment has always bottomed out around 10, plus or minus lets say 1.5 for now. Then after it bottoms out, the economy seems to grow new jobs almost as quickly as they were shed. In other words, the pointy parts of the graph tend to look roughly the same on both sides. If the graph rises quickly on the left side of the peak, it tends to drop almost as quickly on the right.

Of course, we’ll all feel better about this if and when we see some signs of a bottom. Let’s all pray that happens within the next 3 or 4 months, and refrain from devouring one another. OK?

And he’s flatulant! And oh, yuck! Is he fugly…

In other news, Michael Jackson is making a comeback, and Obama’s little girls have a new swing set!