Yesterday, President Elect Obama gave the nation a sermon on how bad the economy is and how much worse it will become in the next few years!
A BIG "Change" in his remarks from a few weeks ago prior to the election. Prior to the election HE was going to fix this problem over-night and would almost immediately put us back on the road to prosperity.
Being a rookie economist myself; if I were going to implement Obama's plan to rescue this nations financial woes I too would give a speech and tell the nation how bad and long this terrible economic crisis will last!
Fairly simple actually... if your credit cards are maxed-out and you can't afford the minimum payments then the wrong decision is to get more credit cards!
Jimmy Carter tried to spend our way to prosperity! Where did that land us?
I assure you, Obama's prediction will come true! The economy will get worse! Unemployment will go up, interest rates on a new home will go into double digits, and our nations debt will more than triple over the next four years!
Another Rick prediction... three to four years from now Obama and the His Liberal Media Friends will be pointing fingers back at President Bush and his failed policies! (Never would they look into Barney Frank and Chris Dodds involvement in the Housing Crisis which directly lead to this crisis!)
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