recession

Unemployment figures keep rising and everyone is wondering what the Democrats are going to do about it. Even though the Democrats who caused the housing crisis via the CRA are mostly at fault. It gets worse--the Democrats are not only the cause of the problem and have successfully but falsely blamed it on the Republican president--they are not really fixing the problem.

The non-partisan scholar group Cato Institute has criticized Obama's latest 2009 stimulus plan. The group has been known to criticize President Bush's policies, President Obama's policies, and John McCain's policies.

The following document published by the Cato Institute expresses deep disagreement of Obama's declaration that more government is needed to solve today's problems. "In fact, many economists disagree," says the Cato Institute.

The document is signed by hundreds of economists and even Nobel laureates.

The US recession of 2008/2009 is a growing concern for the government. Of course, economies though are made up of people and cannot be run by models, but rely on psychology. When the US House of Representatives rejected a bailout in 2008, Dow Jones took a dive of 777 points. Although a revised bill was accepted the market still went down. This is what I mean by psychology, bad news creates fear, and as Franklin D. Roosevelt said "we have nothing to fear but fear itself." But never fear, I'll tell you about the history so that you know not to worry.