Monday, February 16, 2009

A little perspective....

Below is a pretty good "perspective" article for all those who want the real scoop on the recession. Please note that I said "recession" and not "depression" and all the other crap you are all hearing in the news recently. As usual, the media (and Obama) are playing on the doomsday scenario that this is the worst thing since the Great Depression and all is lost if we don't immediately spend a bunch of money.

Does anyone remember a little thing called the TARP last year? This was the $700 Million bank bailout that made all the news last year. Bush and Paulson argued that all this money needed to be spent immediately to avoid impending doom. The Democrats decided to only let him spend half...then grovel before Congress for the other half. Now, 4-5 months later the Democrats are saying it needs to be done right now and the Republicans are saying "not so fast". WTF?

In any case, without blowing a gasket and going on a political rage here is the article...

http://online.wsj.com/article/SB123457303244386495.html

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