<“US stock markets have fallen for six consecutive weeks, to their lowest levels in five years. European markets have collapsed even further, wiping out nearly half of the value of European corpora tions in this year alone. Japan is struggling to put together a plan to save its banking system, riddled with bad debt after a decade of recession and falling prices. Now the German economy threatens to follow.
'There are strong parallels to the Thirties after an unsustainable "new era" boom,' says Avinash Persaud managing director for economics and research at State Street Bank. 'Then, the stock market decline was not just steep, it was long, taking three years to reach the bottom.' “

And George? Well, The Organ Grinder continues to crank, and the Little Monkey fiddles. “Gotta go to war, gotta go to war. Before the elections. Now!! Slow down, Master, I’m dancing as fast as I can!!”

“What the US government needs to do is stop taxing people, borrow as much money as there is, and start a war. Good for the economy.” GOP fiscal policy, spend and borrow and spend some more.

Arf (Heh, heh, heh!! Love the imagery of Cheney as the Organ Grinder, with Bush as the Little Monkey, a chain around his neck, playing a little fiddle!)