Delete comment from: Captain Capitalism
"In any case, I predict we'll see a current account deficit in the upper teens before this is all over."
You seem to be assuming a correlation between poor economic performance and a higher current account deficit. The United States has run a current account deficit consistently for more than a century with one big exception: the Great Depression saw the US running a current account surplus.
You also seem to be ignoring the fact that other countries are trying stupid shit to get their economies going as well. As bad as Obama's bailouts are, they're still not much compared to the UK, which dropped 40% of their GDP on their bailout package last year. Now they're cranking up the quantitative easing.
Apr 1, 2009, 6:30:00 AM