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Are we heading for a world wide depression worse than 1929?

The numbers are in, the month of June 2008  had  the biggest decline of the US stock market, in a month, since 1930. Are we heading for a crash in the only  sector of the US economy that was still quite healthy, even a few months ago? The Dow Jones has fallen 460 points in the last two sessions and reached its lowest point since September 2006.

A few factors are at play here to create a " perfect storm " for a bad situation to get even worse...a lot worse.

Are the Democrats growing a backbone?

It certainly seems like it, and should have happen a couple of years ago.

Under the helm of Nancy Pelosi, congress voted  to cut off the endless pit of Iraq's war expenditure.

Further,  the dems want a new GI bill to be financed by a tax for people with an income higher than One million a year.

The troops would also benefit from shorter tour of duties in Iraq and Afghanistan.

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