The Economy: Why It’s Worse Than You Think

I'd like to think of this as a chance to rebuild some of that industry that we've so happily shipped overseas over the past three our four decades. Competition will force American businesses to either innovate or die, and I'd like to think that there's some hope that we'll choose the former option.

We are witnessing the end of the golden age of America being the extreme powerhouse.<p>I guess it had to happen. Maybe things will be better for us in the end. We really don't need a four-car garages and 80 hour workweeks.<p>(And nearly zero investment into serious alternatives to oil-based energy certainly didn't help this whole situation.)

The economy is going to get very bad and it won't even get turned around for a couple more years.<p>As Buffet, the rich one, said "The recession will be far worse than eveyone expects".<p>Thank everyone that you know that took out one of those Liar Loans to help cause this mess!

I think the most convincing evidence I've seen to date that says we're in a real recession (probably too early to start using the "d" word but that may be coming sooner than we all think) is that the border patrol apparently apprehended some illegals a few weeks ago as they tried to sneak back into Mexico.