We Are About To See Something Happen Economically No One Dreamed Of... [View All]

[Blackhatjack]

The total numbers being thrown around are varying from $700bil to $4.2tril, but any way you look at it, the Obama Administration intends to correct the FDR problem during the Great Depression --they are going to make the Government Spending Big Enough to keep the Economy from tanking, deficits be damned.

The idea that 2 decades of 'market driven capitalism' would be the preferred choice and offical policy of the US Government is being taken out with the trash --we are watching Government reassert power over regulation and finance of the economy.

Will it work to avoid a disasterous depression? The bet has been placed ... and the size of the bet indicates that the Obama Administration believes we are on the precipice of a huge disaster, and therefor must 'go all in.'

For those of us who remember the times before the US became a 'debtor nation', and before Reagan's 'trickle down economics' was sung by the choir of conservative cult leaders, this direction is a sharp departure which appears headed back toward a Government regulated and managed economy.

Who saw this coming 6 months ago? I know there were warning signs, but the truth is most economic experts did not even dream that we would be where we are today and considering the remedies we are about to experience.

IF there was ever any doubt, we living out the (alleged) ancient Chinese proverb and curse, "May you live in interesting times..."

Indeed.