The Fundamentals of the Economy are Sound

Fundamentals strong?? I don't know. Studying history suggests depressions are caused by 1. Massive overspeculation 2. Failure of govt. to take decisive steps to prevent economic collapse.
We certainly had massive overspeculation. Hopefully the announcement(huse bailout) by Bush and Hank Paulson will prevent the 2nd part. Supposed to be the biggest US socialism move since FDR's new deal. I know some conservatives will hate the idea, but I think Bush has done ok this time around and may prevent full on economic disaster.

My favorite news headline of the day: "The Transformation of the USA into the USSRA (United States Socialist Republic of America) Continues at Full Speed".