Any bail out supporters want to refute this?
Now is not a good time to be in debt, which has always been a good thing to avoid. But now that our politicians have made all the wrong moves to deepen our crisis of confidence, it is about to be a much worse time to be in debt.
Nevertheless, the fundamentals of the economy have been strong and they remain so. No one ever repealed the business cycle. If we can just get the politicians to back off, the power of the American economy will continue to make its rich and the poor richer. While nincompoops like Jimmy Carter and Barack Obama are stuck on blaming the Bush tax cuts and while nincompoops like George Bush and John McCain are promising to restore stability, the rest of us are working to keep the engine of the American economy roaring so efficiently that we can even afford to keep their sorry rear ends in their nice, warm seats.
We won't get it, but what we really need is some good old laissez faire capitalism around here.