Thursday, August 18, 2011

The coming Republican recession

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Our nation's security markets have had a very nasty, sudden sell-off over the last few weeks.  Trillions in wealth has gone out the window.  Stock markets do a phenomenal job in portending the future though.  And when patterns like this unfold,  it spells significant trouble for our economy out the next 6 to 9 months.  We're headed into another ugly recession.

I know what caused this recession.  We got frightened into this one. Republicans started a very nasty fight on Capital Hill.  Their errant ways sent shock waves through America. We were stunned at the incompetence of our political leaders. We were stunned that Republicans could act in such a childish manner. Consumers closed their wallets tight and economic activity fell off the cliff. That's what got the ball rolling. That's how it will unfold.

As I'm sitting here thinking about it though,  I can hear the 1 million and 1 ways that my Republican Party will point fingers and cast blame on anyone,  but themselves.  America deserves better.

North Carolina deserves better than our worthless Republican Senator Richard Burr.

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