The Way I see it

Why I think this is not the bottom and why the economy might not improve in the next 2 yrs:

Approximately 600,000 people are losing their jobs every month. This directly affects the newly unemployed person's ability to pay mortgages and other bills. In addition to the sub prime loans that ended up being bad, these new default mortgages will be a huge burden that will creep into the lower middle class and upper middle class of this country. Revised mortgage rates plan announced by Obama might help someone who has a job and can still make monthly payments once the rates are adjusted, but not the people who lost their jobs and cannot afford any payments, unless they have saved enough money in BANKS to see them through the recession. BANKS (in the form of cash) only because the hardship loan someone can get from their 401K would have already been dwindled to 60-65% of its worth approximately. After considering the by-products like high inflation that will occur during these recession times, one should wonder what a dollar will be worth !

Obama's new budget was targeted as a huge spending bill, but even dumbest of the lot can say that this is pretty conservative, considering the fact that his budget estimates some 8.1% unemployment by the end of the year, while the unemployment rate at the end of February is already up there ! Calculating increase in the unemployment at the rate of 600K/month will be a good exercise for some. His spending plan is based on the estimated 8.1% unemployment and hopefully creating 3.5 million jobs. 3.5 million if created could be too little of a relief to make a huge impact.

I enjoy watching the analysts drawing lines and predicting curves based on assumption / expectations / experience ...?? None of it makes sense, since all the data you can get as a financial analyst is based on historic data and formulae, that use historic data to "predict" future trends. Good luck using those reports. I for one, am frustrated reading through my finance course work and listening through the lectures. Those blaming what the goverment is doing now, should have been proactive when capitalism in the form of banks was failing. Instead they were cherishing the fruits of proxy wealth created by it.