4 economic prophets of doom - Forbes

[Burma Jones]

Imagine the future as these experts do: a world where the dollar is scorned, America needs foreign aid, oil is $150 a barrel and big drug companies no longer save lives.

http://moneycentral.msn.com/content/invest/forbes/P106181.asp?GT1=6065


Better get that place in the mountains, learn how to grow your own food and arm yourselves...............

[PROGRESSIVE1]

1. If all of this crap hits the fan in the next four years, we will all be...

singing the praises of John Kerry for losing this election. Afterall, why should Democrats be at the helm when the shit hits the fan. The budget and trade deficits are Bush's fault. Bush doesn't want to invest in alternative energy, and Bush is a the Consigliore of the Pharmacutical Industry. Let the GOP really screw things up and then a Democrat/Liberal will come in and fix things as they always have in the past.

If all of this shit occured on John Kerry's watch, he'd be wrongfully blamed for a disaster that he had nothing to do with.

[genieroze]

2. Shouldn't the Dem's be getting sick of cleaning up Repuke crap?. n/t

5. Neither of these parties are going to be "cleaning up" the mess...

If this stuff happens the parties will close ranks around a reactionary agenda and it will be the people fighting against the government who will have to clean up.

[NeoTraitors]

4. Progressive1

I think that is the only silver lining to the election. There will be no doubt as to who's fault it is, no matter the spinnmeisters.

Reagan ballooned the deficit and Clinton reveresed that to a surplus, which of course * turned into the largest deficit in history. Somehow R's get away with the rep as fiscally conservative. How?

[cornfedyank]

6. there will be plenty o' blame to go around.

"because I believe in open, honest, government where we hold our leaders accountable." " and if the system's broke.. fix it."---Wes Clark

on edit: I believe in term limits and shorter laws.

[MissMarple]

3. When you find yourself in a hole, STOP DIGGING!

This must be the new Republican mantra, Buy, spend, borrow, Buy, spend, borrow... Simply brilliant. Not.

"We are going to go through one of the most trying financial times in U.S. history, including the Great Depression," Schiff says.

"The basic problem," Schiff states, "is that Americans don't produce enough, and don't save enough." Indeed, over the past 15 years, the savings rate has fallen from over 6% to less than 1% in recent quarters. As a result, the goods that we are consuming are being supplied to us by foreigners. Not only are they producing the goods, but they are lending us the money to buy them, and, in doing so, are driving the U.S. deeper and deeper into debt to the rest of the world, Schiff says."

[indepat]

7. Were all this to materialize, it would be a small price to pay for four

more years.