talk wrote :
Once Obama becomes president and fixes the financial system there will be confidence in the markets. Doing an FDR infrastructure New Deal-like program will get people working and working people will be shopping again. The US economy is the linchpin of the world economy at the moment and for the foreseeable future of at least 50 years.
imo that would be just great .
the problem i see is that people's expectations are extremely high .
when FDR became president , the people had been suffering through the depression already and were willing to work with him , i believe .
but now , most people want the "good times" to continue (after all the bump was so far relatively short and there has not yet been the suffering of the deppression years) and want everything to get even better ... and that may be difficult to achieve . the way i see it : no pain - no gain .
but not many people willing to tolerate any pain , i believe .