Well, one thing is for sure and that is that the entire model for economic growth cannot be based on borrowing... That is what has occured... The entire housing boom was not suppotrted by actual growth in other areas of the economy but quite the opposite... It was doomed to failure because there was no real growth... There was artifical growth...

Now we have run up a massive debt at a tine when we look around and find that most of the machinery used to produce products are no longer here in this country but in India, Pakistan, Baglidesh, China and everywhere but where American workers live....

Even Alan Greenspan has all but said, "We fu*ked up..."

I think of the situation we find ourselves in and think of it as a house party that went very bad and now there's alot of mess to be cleaned up...

B~