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Wasn't the bank bailout and the first auto bailout in process during the GW Bush final days?
But look, before Bill Clinton took office we were dealing with huge deficits and recession. We hit an economic boom and paid the whole damn thing off and were at a surplus in under 8 years. We can bail out of this, we just need an economic boom in the next 5 years or so.
It will happen, then we will bust again. Then there will be another boom, etc. Everybody always thinks the shit has finally hit the fan during "their" time but this has been going on forever.
The economy is already showing faint signs of recovery despite everyone saying the world is going to collapse. Even people on GFY told me I was an idiot and would be growing my own food in another thread when I suggested by the end of 2009 we would be in recovery.
Relax, everything will work out. It always does.
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