One last gift before he goes-the Bush Recession-December facts are in

As if to give emphasis to our negative outlook, it has been announced that tomorrow (Friday) President Bush will, for the first time, meet with members of the President’s Working Group on Financial Markets to discuss the current financial and economic situation. This is the formal name for the so-called Plunge Protection Team that was formed by President Reagan following the 1987 market crash. Its stated purpose was to prepare to deal with a serious credit or market crisis that could significantly impact financial institutions and the economy. While we understand that the team has met periodically with no announcement, we are unaware of any president ever meeting formally with the group. We think they view the current financial and economic situation with alarm—and so should you.

http://www.fxstreet.com/fundamental/analysis-reports/market-comment/2008-01-04.html


Plus this-


49,000 construction jobs were lost in December.
31,000 manufacturing jobs were lost in December.
A whopping total of 75,000 goods producing jobs were lost. In general, those are the higher paying jobs.

Of note, 24,000 retail trade jobs were lost. Christmas sales were weak. Guess where this number is headed.

93,000 Service Providing jobs were created, but 31,000 of those were government jobs. Total everything up and private non-farm jobs contracted by 13,000 jobs in December.

http://www.globaleconomicanalysis.blogspot.com/

Our next President faces large scale war debt (we fought these wars without paying for them and they wonder why young people want change in Washington?), off shored manufacturing, housing market and credit collapse and insane health care costs PLUS energy cost inflation.

Don't forget the crushing debt he is going to leave this country. A debt so huge that there wont be any tax revenue remaining to run a government never mind allow citizens to get health care. Don't forget the wealthiest citizens have huge loopholes that allow them to get away without paying their fair share of taxes.

He just loves destroying America. It's his pastime, his goal, his reason for being pResident.

Repub chances next year plus his precious 'legacy' will tank if the stock market and economy collapses before the Nov election. He has succeeded in keeping the Iraq disaster on hold with the surge of more troops but now he needs to keep the economy from nosediving before he leaves office so he won't get blamed. He is certain to strongarm Congress into going along with some tax rebates to pacify and stop a majority of voters from wising up and jumping ship.

If the economic house of cards falls under this administration, the prez may invoke National Security Presidential Directive/NSPD 51, National Continuity Policy?

NSPD 51 gives the prez the option to takeover the entire federal government in case a disaster hits the US.

Para 2(b) states: "Catastrophic Emergency" means any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions".