If you want to see how bad it is, and it is bad, go look each day at CapitalLoser.com. We suggest that a great deal of this has been brought on by the government, its lack of oversight and fiscal responsibility. If, to any degree, that is the case, we are in for a world of hurt as Barack Obama has no fundamental understanding of the beautiful workings of a market. He believes that the economy can be managed from the top down, and what the government really does well is get in the way and create problems...Obama has a list of problems he plans on creating.
It would be easy to blame Obama, but it is the American public, also completely ignorant of markets and how a economy works, who placed this man in office; more or less the same people who put fiscal socialist George Bush in office. As we warned, economically, Barack Obama is as close as you can get to the continuation of the Bush administration and the problems that creates.
No, we are not pessimistic, we are just convinced that politicians the people that put their faith in them are ignorant, and who wants to be in a parade that is the march of fools?