Perfect Storm

How long have I been saying the economic conditions the Rethugs created could not sustain themselves? Truthfully, I expected a recession a couple years ago (didn't think the housing bubble would stay intact so long), but the chickens are coming home as we speak:

GOP economics are coming together to build the perfect storm. Not so surprisingly the easy credit system that the financial market wanted and the GOP delivered has turned out to be a major problem and is dragging down the economy. Add to that the brilliant GOP plan to cut taxes during a war plus the black hole of spending in Iraq (including heavy payouts to GOP-friendly businesses) and you have just about all you need for a soft economy. While Greenspan never saw this coming, plenty of others did but were swept aside because everyone had houses and money was falling from the sky.

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