If you look at economic growth, the US did very well during the majority of those years you cited, in spite of 2 wars, a massive terrorist attack, and inheriting a recession from Bill when Bush took office.

On the other hand, if you chart statements of The One and his administration with the stock market, you’ll find a depressing correspondence between stock market freefalls and when Obanga and his ilk open their mouths.

While you are correct in noting that the past should be considered relative to current circumstances, it’s also true that the current administration should be judged and compared to how well the previous administration performed under far more dire circumstances – and at the moment they are not comparing well with Bush.

If the Obongas really wanted to let the economy start rolling again, they’d just shut up for 6 months and do nothing.

Bernanke seems to think that temporary control of certain banks until they get out of trouble would be what happens. I just don’t know.

I still think suspending the mark-to-market rule for awhile would have been the right thing to do. And then set it up at less frequent intervals after that. In addition, I would tighten the Fannie Mae and Freddie Mac standards too, but fat chance of that happening under the current regime.

I’m still scratching my head over how 5% to 7% of sub prime mortgages are the cause of all this. I just think what really happened was the bubble in California burst in 2006, then spread throughout the West in 2007, and moved East from there. While this was happening, the oil price run up was what really kicked it all into gear.

I think it’s a good thing for inflated housing prices to come down to earth. Not good for people who bought at the peak of the market with no money down and escalating rates, but why should we pay for their dumb decisions? There has to be a better way to help poor and working class people in a better position to be owners some day. We need to find ways to encourage the building of more affordable rental housing. My wife and I married in 1988 and we rented until 1999, saving up for our down payment while having two kids in tow. This is how it should be done. I am in favor of using all means to increase the supply of rental housing to keep the costs of it down, that way people can save – if they decide to – for that down payment on a home. I am against the government just pushing the money at them to get a house, especially at the peak of the market.

There are just so many smarter things to do, yet so little imagination or will to get it done.

Right now Obonga is trying to set it all up by waving around the ephemeral elixir of “green jobs” coming to revive the economy. It’s all a hoax and will destroy jobs and our economy, but to a chamber full of rent-seeking lawyers who never ran a company or made a payroll in their lives they’ll lap it up. I swear to God, lawyers are some of the best educated and most ignorant f***ers in the country. Pelosi has most of them by the family jewels, since a lot of their fundraising comes in on Obonga’s networks. If they no support his agenda, they get no funding for re-election. Some will fight it; most will not. My Congress woman is a dumb bimbo named Carol Shea Porter who never deviates from the Party. Our new female senator, Jeanne Shaheen, is a mediocre mind and party hack who also has not an original thought in her skull.

I hear that EPA is working on rules to regulate CO2 emissions as a pollutant. I think that would get litigated to the Supreme Court. It is an awful thing to contemplate, and as I say, some of this crew are daft enough for anything.

Yes, I wish “kungfu” would kindly show us how steepening the progression of the federal income tax, hiking the capital gains tax, and raising corporate taxes are going to result in more investment, job creation, and revenues to the treasury. Plus, investors fear what (not your favorite topic, but I happen to think it will be done anyway despite the recession) the cap and trade system will do to our economy.

You have Maurice Strong sitting there in Beijing with his fellow Communists wearing the Cheshire Cat smile, because, as Strong has stated, by 2012 everything will be in place for complete global government and that the Kyoto Protocols (which he is the author of) will be put in place. He and Soros have been working hard to get Obonga elected, mainly by leveraging their money in just the right places to influence voter perceptions.

Obonga’s second term is DOA. I am convinced of it. But he and the Democrats can and will do a lot of damage during the next four years. Some of it we can reverse. Perhaps some of it we cannot. But clearly at stake is the survival of our country as it was founded.