And you are so afraid of Obama

[rgG]

This mess was caused by greed, from the borrowers/consumers and the lenders. It was exacerbated by lack of oversight by the government, both parties, and keeping interest rates artificially low for too long. We are now paying the price for these mistakes.

I think this recession will deepen and that unemployment may indeed reach into or near double digits. I hope that it doesn't and that things improve more quickly, but this is a worldwide problem, and the whole world, or at least the developed countries, were living well beyond their means for quite a long time. The party has come to a crashing halt and now we are all suffering one hell of a hang over, even those of us who didn't take one little drink from the trough.