From His Excellency Barack (Idi Amin) Hussein (boy wonder) Obama's recent WSJ op-ed:
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http://www.whitehouse.gov/blog_post/the_action_americans_need/
By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring.
What Americans expect from Washington is action that matches the urgency they feel in their daily lives -- action that's swift, bold and wise enough for us to climb out of this crisis.
Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
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First, whatever happened to the "Audacity of Hope?" This is sounding awful dire and bleak.
Second, I seem to remember when Bush painted a similar bleak picture when it came to terrorism, he was accused of playing off of people's fears to acquire power. An "irreversible" recession? And we'll only get out of it by spending $900 billion, some of which goes to useless artists, condoms, dog parks, frisbee golf parks, and $6 billion for repairing federal buildings?
Third, our economy is nowhere near the problems of the Great Depression, and isn't even approaching Carter's recession just yet.
Fourth, when has America never come out of a recession?
