The Worst is Yet to Come

By: Vasko Kohlmayer

"Today, we're pointed in the right direction... While we've rescued our economy from catastrophe, we've also begun to build a new foundation for growth,” said President Obama recently. bailout

Unfortunately, the president's declarations and all the talk about the green shoots by his acolytes in the media are merely wishful thinking. Far from rescuing it, the Bush/Obama stimulus has dealt a damaging blow to the economy, and one which will exert its harmful effects for years to come. We only need to take a quick look at the big picture to see why. ....