A New Depression?

With the recent downturns of Fanny Mae and Freddie Mac, along with the sale of Merryl Lynch and Lehman Bros. bankruptcy, I'm further wondering how much deeper our problem will get. Before, I wasn't sure the depth of the problem. With these recent events, it's no doubt that we are in the direction of economic disaster. Am I surprised? Not in the slightest since our current president has run everything else he has ever done into the ground. Why should the US economy be any different? Wall Street is suffering major problems and the light at the end of the tunnel is looking dimmer by the minute. Alan Greenspan over the weekend said that McCain's economic plans for lower or no new taxes was not viable and that some taxes will need to be raised regardless of who is in charge. Things are about to get worse folks.