Monday, March 30, 2009

Is he Hoover or FDR

http://www.nakedcapitalism.com/2009/03/barack-obama-as-herbert-hoover.html

I agree with the Key parts of this article. He is clearly in the Hoover period. Also the G20 is clearly going to produce nothing. This is 1931. We had a crash, we think we see the light at the end of the tunnel. The sound tells us it is a on coming train. If he lets GM go BK and Chrylser fail we could reach a tipping point in unemployment. This is could be a major disatar. Coupled with extranel problems in Eastern Europe, the UK, Ireland, Asia and Most of Latin America. We could see a major event in the near term. I feel sorry for everyone in goverment at this point. We have talked and spent on useless things. Now it may be too late.

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