Friday, January 30, 2009

Welcome back to the 1980s

So our national economic picture is back to pretty much what it was in the bleak 1980s recession (thank you, Ronald Reagan). And it's about to get even worse:

Another 2 million or more jobs will vanish this year, economists predict.

This raises a number of questions for me:

1. Will conservatives/Republicans/people who voted for George W. Bush/people who voted for John McCain ever admit the direct link between GOP policies and the economy plunging into the shitter?

2. Will any of the Republicans in Congress now actually work with President Obama to try to make things better? (I know, I know, the idea makes me laugh too.)

3. What is going to happen to the 401K system? Since, like many Americans, I'm relying on this for my retirement, this question is a somewhat urgent one for me. I'm frankly kind of tired of hearing, "Oh, you're only 40 -- it will bounce back." When? How much of it will bounce back? Will I now have to work until I'm 80?

4. Will Obama stick to his guns and do what needs to be done to keep the Republicans in check and bring us back from the brink? I sure as hell hope so.

What do you think -- are those of us with 401Ks completely screwed? Will the GOP obstructionism continue unabated?

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