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Old 10-31-2008, 09:13 PM
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Default Recession

We don't need Barack Obama to predict the possibility of a recession. We're already in one and the election hasn't been conducted, nor the inaguration. All one needs to do is watch the market reports on CNBC or the BBC channhel or, if you can't get to sleep, the market activity from the Far East markets at night. This recession will be world wide, will be a long one, and the only thing that Barack Obama will have to do with it is to try to get the U.S. economy kick-started again if he is elected.

What one of my sons did for two days last week is going on in corporations all over America. He was told to rank the 145 employees in his department from 1 to 145. The only information he's awaiting is what percentage he is to cut. It'll be from the bottom up. It will be going on in hundreds of U.S. companies. No, the recession has already begun.

We need to remember the policies of our government that got us to this point and how they will have to be changed. Free market capitalism, no regulation and running the country into the deepest debt in its history just fueled the greed which metasticized throughout our society. Neither of the presidential candidates was in a position to significantly effect these policies. But one or the other will be saddled with the task of resolving the problems which have resulted.