Hey, what's a year or two, 365 days maybe 730 days. The first significant crash occurred in January when the market really dropped. This is when the extent of the mortgage crisis became apparent. So we have been living in a recession for almost a year. The election kept us preoccupied, and the recession fueled the election.
Obama will get tremendous criticism in 2009. Unfortunately the right is losing a great deal of air, right now most of its air. With eight years of Bush under our belts, the right has nothing to offer, other than criticism.
Yahoo: Worst of financial crisis yet to come: IMF chief economist
The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.
The central banks "should lower interest rates to as close to zero as possible," he said.
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