Was the past decade a party and the next decade will be the hangover?

Not for me. I've never relied on credit - not even for my house. If I don't have cash, I don't buy it.

The party began with the end of WWII. Then, with the Libs discrediting McCarthy the people trusted that their elected officials would support the USA. The masters of deceit deceived them, now we are paying the price. It has been advance socialism/delay by the other party, but no return to the People or reality. I often wonder why, when Libs admit 5, now 6 major failures at their experimentation for a social order, anyone allows them to keep experimenting, especially with our children/liberty/freedoms. I miss the successful social structures - where all could live in peace, accomplish anything they set their mind to, and live a Norman Rockwell lifestyle, if they so chose - Now, we are forced to permit the axis of evil to perpetrate their crimes against humanity and immorality in our presence. As if only they have a right to choice a lifestyle - and impose it on all of us. What about our right not to live their lifestyle, or have it imposed on our children/families?

Yes, we could bounce back if we get a president and congress who are willing to do what ever it takes to make the rich want to do buisness and create jobs, Obamas way might sound nice "get the greedy rich" but it don't help with jobs for the middle and lower class who can't live without the rich, so until the left comes up with a idea of how to take every dollar from the rich and spread it evenly over the rest of us, then we need to deal with reality and that is how to make people want to stsrt hiring again.

I think that will be the case. The bank bailouts only delayed and prolonged the inevitable market correction.

Fools who got 'drunk' on free credit were just that. Fools.