Errol

Abundant Opportunities in Bear Markets

Jake,
"Bush W. inherited a fair economy which he put down the tubes."

Bush had to deal with 9-11 and the NASDAQ crash.

I'm not pro-Bush by any means, but increasing taxation during a recession is moronic. And I posted a website for you to check who gets taxed what.

As for the Depression, if you go back and look at the FDR administration, they increased taxes and prolonged the recession...read about it.

Abundant Opportunities in Bear Markets

Great summary of the past several weeks but careful with some of the comments towards the end....
"We work tirelessly to make something new in the world, share it with humanity and enjoy the fruits of our labors. This is not a result of economic theory; it is simply who we are."
Not when our biggest airline can't produce because the of a strike. Not when neither presidential candidate really understands the economy and especially not when the perceived next president wants to increase taxes on a portion of the population that already pays over 50% of the nations taxes (despite how the dems manipulate words, the top 1% of the nations taxpayers pay 29% of the nations taxes; the top 5% pay over 50% www.allegromedia.com/s.../) When you research the Great Depression, it was poorly guided government policies of monetary contraction (which thankfully Bernanke is avoiding, but may lead to massive inflation down the road) and taxation that PROLONGED the depression.
The next administration is going to have a host of crisis to deal with and frankly I don't think either has a grasp on what to do.