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Originally Posted by Ashes Emberblade  Now that Iraq is going reasonably well all the little leftists are grasping for straws. This is about as news worthy as the mortgage meltdown, which always cracks me up, considering that the news types equate a minor bump in the lending market to a nuclear disaster. |
Maybe you're a professional economist, I don't know, but I would not classify the subprime meltdown (cliched metaphor is getting tired already) as a minor bump. Just the drop in equity cashouts is going to equate to a huge drop in consumer spending. Hell, it already is.
