Economy (with poll)

[surefire]

The recession is about at the one year mark, with little signs of a turnaround in 2009.

How far do you all see this going. Will it be a severe recession, as it appears it already is, or a soft depression?

Will Obama and friends be able to turn things around by 2010? What kind of a economic expansion can we expect once this mess is behind us?

[moondog]

I think most of this was generated by people who wanted a specific out come, but it got out of hand. It was driven mostly by fuel and home loan interest rates that caused defaults. The real question is how much further will government regulate and was regulation really the initial cause of this, by forcing lenders into risky loans.

[surefire]

There is now talk that BAC may need a Government bail out.

Taking on MER and Countrywide may be more than they can chew.

When will it end?