In response to:

Prepare for Fiscal Doom

Bob34222 Wrote: Nov 15, 2012 10:15 AM
The dumbest in this country don't need to get it. They are getting everything free and have no problem rioting and looting if the spigot gets turned off. Why do you think all these old white republicans are so wary of doing what's right? It's the angry black man syndrome. Go ahead, play the racist card....not like it matters. Marion Barry got re-elected......AGAIN!

OK, perhaps doom is too strong a word, but then again, perhaps it is not. 

In either event, 2013 is not shaping up to be a banner year for the economy. And it’s not just or even mostly because of the fiscal cliff.

Our financial system is not stronger now than it was in 2008 when it finally collapsed under the weight of crashing real estate prices that fell all the harder because they were ballasted by plenty of government guaranteed debt.

In fact, prepare right now for the Next Great Bailout. Because this time around, the federal...