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Thursday, August 04, 2011

I suppose you are aware by now that the economy is in deep doo doo, especially after today's stock market crash

The stock market lost over 500 points today, making this the 9th straight session of declines.

Oh, and by the way, the last time we had this kind of losing streak was during...ahem...cough...the Administration of James Earl Carter, 1976-1981.

Over in Europe there are dire warnings that the strongest of the nations of the EU are in grave danger of complete economic collapse. And as for China? You know, that big red machine over in the East that holds a great portion of our debt? They are in trouble as well, suffering from a severe drought and their own employment troubles.

Do you see where this is all headed? I have not been calling this 'the Obama Depression' for nothing...

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