What exactly would a 'meltdown' look like, high unemployment...crashing dollar value...bankrupt companies, housing crisis, treasury bond issues and the federal reserve stuck at 0% and borrowing money from ourselves?

It is the utter lack of planning and the magnitude of mistakes that is the problem. Example from today, "Cash for Clunkers" suspended after less than a week because it already blew through its funding...

Cash for Clunkers may go on hold until DOT sorts things out - Jul. 30, 2009

I don't think anyone questions Obamas intention to 'do good' it is his methods that are horrible. And the argument that 'nobody else had a better idea' doesn't make his a good one. Similar to the whole health care debate "the majority thinks we need to fix the US health care system" doesn't mean they agree with Obamas solutions.

Regarding the lack of a "plan" from the McCain camp, if the media wasn't so one sided, and if Obama, you know, actually started on the road to fiscal responsiblity by going with the public funding option for this campaign instead of outspending McCain by more than double, maybe we would have been able to hear more of what McCain was proposing.

At no time during the campaign did I hear anything that even resembled a solid fix for the economy. He did promise a tax cut for 95% of Americans, and promised to punish the rich (forgetting that the rich buy a lot of stuff and employ a lot of people, such as those right out of college, but I digress). I'm still wondering where that tax cut. And regards to the bailouts, that worked out real well for GM, now didn't it? And about that stimulus plan that we have barely even spent 10% of the funds? Is that our solution, to have the government spend more money? Nowhere in the world of economics does government spending create wealth.

If Obama was truly serious about fixing the economy, and not on imposing additional taxes and fees such as those in the c(r)ap and tax bill, he would cut the capital gains tax, and give everyone a nice big reduction in taxes, or a nice big rebate check. And cut taxes especially on the hard hit small businesses. Only by giving the people the funds can you create wealth, and thereby create prosperity. The people can much quicker distribute wealth to others by purchasing stuff and investing. Government by its nature is slow and inefficient.

And simply blaming the current financial crisis only on Bush is certainly very wrong. Sometimes, and by sometimes I mean all of the time, the economy goes through a recession. This is part of the normal business cycle. And given that Bush raised doubts about the expansion of programs that would give undeserving borrowers the chance to buy a house increased demand and therefore raised prices. Of course, those borrowers did not have the long term ability to pay. All it took was some loss of real estate value which started happening around 2006 to reveal that all of those mortgages were paper thin, and when they could no longer flip them, they had no way out.

Some more reading material...
The Culprit Is All of Us - Barrons.com

I leave you with this:
http://i246.photobucket.com/albums/g.../chitrib34.jpg

Wow, it's unbelievable how many on the left actually believe this....:confused:

Come on everybody, we can spend our way out. We will make up the losses in volume.