Open Letter to Obama

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Ken

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Mike Shedlock, I think we would all agree, knows what needs to be done and lays it all out for Obama in an open letter, with a surprise ending, enjoy!

Dear Senator Obama.
The US economy is in the worst economic crisis in decades, arguably since the great depression. Housing is collapsing, state budgets are in shambles, unemployment is soaring, and the US dollar is sinking.

Things are going to get even worse when the commercial real estate bust picks up steam. We have seen six bank failures already this year. There are 90 more banks on the problem list. Many of them will fail.

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