"The worst is over" will become known as most famous of all "famous last words."

What do two of America's most successful business men know that conservatives who want America to fail don't know.

Silly, ignorant comment you made about "conservatives wanting America to fail". We just believe (read know) all the red ink our President and the Democratic congress has heaped up us is dooming us. We must cut government spending sharply and cut taxes. Then stand back and watch the economy soar to the wonder of the world!

Conservatives want failure unless they are in charge. They have conditional patriotism. Also, the reality is that when the economy has done the best has been when the Democrats were in power. The Republicans lead us into recessions. Ford. Reagan - 2 times. Bush I. Bush II - 2 times. Look at the data. Only big money interests thrive under the GOP.

@Anonymous: When did you stop beating your wife? That's the same kind of thing you're doing when you say "conservatives who want America to fail." I don't know anyone who wants America to fail. My criticism is motivated by nudging America towards success. We're on the path to failure right now!

The Politicians have barely addressed the amplifying factors in the financial sector, let alone the foundational causes of the housing bubble and bust. Instead they've made the banks high on financial drugs, grossly inflating the stock market in the process. The feds have dumped too much printed money into market, and are now reaping the beginning of double digit inflation.

The foundation of this recession lies in population age waves and the laws passed by Congress and enforced by the Federal Government.

The Population waves particularly the Baby Boomer wave create built in booms and busts as each industry moves through build ups and drop offs in the number of people in the age distribution that they service. In addition the coming surge of retired people will almost triple the government entitlements of the elderly from slightly over $1 trillion - almost $3 trillion/yr.Just be glad the Boomer's saving rate is horrible otherwise we would have seen an even bigger bubble and just as big of a collapse as the retired people tried to sell their investments in housing and stock and bonds.

Finally the job market will be troubled with stagnate exit/entry rates.

@Mike Rose: interesting take on the economy, but I have to disagree with your basic premise. The foundation of this or any recession has to do with the money supply. Excessively low interest rates distort economic signals, encouraging people to borrow money that isn't actually there except when it's created out of thin air by the Federal Reserve banking system. That, of course, leads to consumption paid for with money that people don't have. When debt limits are reached, the buying stops and the whole thing collapses: recession. A sustainable boom can only be built upon money that's earned, not created out of thin air.

Laws and regulations have been out of control, I agree, allowing speculators and brokers to shoot themselves in the foot (but saved by taxpayers). But all this would not have been possible without absurdly low (artificial) interest rates. And I totally disagree with your remark that we should "be glad the Boomer's saving rate is horrible." Saving is exactly what we need, not spending based upon borrowing.

two need to buy back all of the U.S. Treasury Notes from China...