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How correct is Grantham's 14 point analysis that Obama is leading this nation into its 2nd Great Depression?

Jeremy Grantham, legendary CEO of the $101 billion GMO money-management firm recently stated: America's irrational nightmare will repeat. First, the short-term correction, 15% to 25%. But then long-term, a deadly warning: Disaster ahead. Why? Because America has "learned nothing," we are "condemning ourselves to another serious financial crisis in the not too-distant future." Yes, Americans are predictably irrational, doomed to repeat history: Grantham points us to a key chart, his "favorite example of a last hurrah after the first leg of the 1929 crash." The similarity between 1929-30 and today are obvious: "After the sharp decline in the fall of 1929, the S&P 500 rallied 46% from its low in November to the rally high of April 12, 1930, then, of course, fell by over 80%." 14-point analysis of Obama's rampant irrationality at the highest level of American government today, because what he is also predicting is another catastrophic meltdown dead ahead. http://www.marketwatch.com/story/obama-leading-us-right-to-great-depression-2-2009-12-01

Public Comments

  1. nothing leads a country into a depression more than the government spending money that it doesn't have.......Obama didn't learn from Bush....he "ESCALATED" it
  2. Dead wrong!
  3. I would say he has pretty well "nailed" the whole thing. I almost feel sorry for us.
  4. Thats the plan. Anyone can see that. A lot of people must want that.
  5. Spot on! By the time this happens, we will be so poor that we will all need the government.
  6. everyone has an opinion.~
  7. Its a well thought out scenario and I expect he is right on most points. Why we are blindly driving this country down a dead end street at full speed is a mystery but it sure seems to be happening. The scariest part are the people that think it is the right path! It possibly is depending on what your end point is but financial and social collapse is not my idea of fun.
  8. So Grantham is for massive regulation of the free market. You would support massive regulation of the free market? I have to say that you as a Republican I am shocked that you would want to infringe on the rights of the free market. It is very anti-Ayn Rand of you. The next thing you know you will be siting facts and joining the rest of the world in this actual reality that the rest of us live.
  9. Obamas formula for failure! 1. His gross inexperience. 2. His gross misuse of Tax payer dollars. 3. Theorist for Cabinet members. 4. Complete failures for financial wizards. Turbo Timmy, and Larry Sommers All adds up to CRASH!!!!!!!!!!!!!!!!!!!!!!!!!!!
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