“We can always rely upon the comic stylings of Joe Biden to raise our morale, just as the American public during Depression I looked to the Three Stooges for comic relief.”

Remember a few months ago when we were speculating on who the Third Illinois Stooge might be to go with Blago and Burris? Looks like the great state of Delaware stepped up to fill the gap — thank you very much Delawareans

Blago, Burris, and Biden…it even kinda rhymes with Moe, Larry, and Curly!

C’mon Anthony. ‘Not going away’ on what time scale?

The decline in per capita income over the last year or so has been on the order of 4-5%. That during the period from the fall of 1929 to the spring of 1933 was on the order of 30%. We have a ways to go ‘ere we can be said to be suffering adjustments on the scale people did during the Depression.

No one is certain at this point whether production levels have stabilized or whether there will be a secondary contraction brought on by renewed stress on the banks (as leases on commercial real estate contracted after 2003 expire) or by a currency crisis (given the ratio of public sector borrowing to domestic savings).

The tax increases necessary to balance the public books will likely put a drag on economic growth for a couple of business cycles, even if nothing acutely disagreeable happens over that time. The situation is bad enough without overstating matters.

Just another in a long line of VPs who were best kept a closet and brought out for state functions only.

Ha! Loved this. Just wish the overall effects of this administration were half as funny and a billions times less scary. Hey you want to catch some frightening stuff Obama is up to, catch my post tomorrow. Are you aware of the “Climate Debt Treaty” Obama is scheduled to sign in Denmark next month? Effectively signing away our sovereignty as a free nation and subjugating it to the New World Order?

Like you blog – I’ll be back.

Marvin D Wilson