Whoever gets elected will face an economic slowdown likely to last through all of 2009. And, even that may be generous.
Assuming either Obama or McCain refuses to deal with Peak Oil and is mealy-mouthed on global warming issues, and refuses to replace Ben Bernanke as Federal Reserve chairman, the economy will struggle past 2009.
Read the whole story for specifics of economic analysts concerns.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
July 02, 2008
Welcome to the White House, next president
Labels:
Bernanke (Ben),
McCain (John),
Obama (Barack),
recession 2008
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