capital pains

How Will Obama's 'Trillion Dollar Deficits' Affect the Markets?

In case anyone missed it: The US dove into the economic abyss years ago.
Also, in case anyone missed it: George Bush left Texas in the same state of broke when he left the govenor's office. - 8 years ago. Our "zero talent", soon to be ex-prez will go down in the annals of history as our worst president, joining the close second worst prez - the indredibly inept - Jimmy Carter., followed by our old friend; Herbert Hoover (another genius)...
Blame game aside - The world is right along side the US. Nobody has the answers..Not even Cramer or the Fast Money losers !
Thanks to the "best and brightest" at Goldman. Lehman. Morgan, Bear
the world's investors sit with tons of valueless crap on and off their fabricated books.
The crux of the problem is housing. Until all lenders revalue their losing mortgages based on current appraisals, issue new mortgages based on realistic valuations, the economy cannot move out of stagnation.
It's simple - The banks must redo their mortgages so homeowners can stay. This should have been the requisite for the idiotic TARP money thrown at Paulson's pals. Now that the banks have scoffed up $350 billions, the remaining $350 should have oversight and actually serve to rescue the economy not the rich friends of Hank Paulson. Would this not make perfect sense ?