the easy part was winning

I ran across this list today of problems we can expect to see in the economy.The author of this list advocated telling the people straight what the problems are and thereby reducing the expectations for what he can do about things and how quickly the things can get done. (Click this paragraph to read the original article.)

Obama sure has his work cut out for him.

* The deficit will be more than $1 trillion a year for several years
* The country needs a massive new fiscal stimulus
* The housing market will continue to decline through at least 2010
* Interest rates and taxes will eventually have to rise (after the economy stabilizes)
* Weak corporations have to be allowed to fail
* Millions of homeowners will lose their house
* Unemployment will probably rise to 10%
* The government simply cannot "bail the country out" -- not because it lacks the will, but because it lacks the power

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