"Let the Market work it out" was not a successful policy in 1930. I'm surprised that anyone would seriously suggest it now.

Did you even bother to read this article? Blodget nor Bissonette suggested doing nothing. You have the same straw man talking points as Obama, and should try thinking on your own for a change.

Mr. Barnett, your comment only reveals that you know nothing about history.
Get Educated America! FOX and CNN don't regularly tell the truth.

I agree, Nick, except that in my honest opinion CNN is a lot more fair and balanced, by and large, than Fox News, which uses that as its ridiculously untrue slogan.

Nick,

If you are going to insult a man, you will be taken for a fool if you don't include something more than a blind assertion that "(I) know nothing about history." Though if you get your history from Fox, you might well be right. I know vewry little of Fox's spin of history. & I don't listen to Ann Coulter either.

PV,

I did read the article & it was remarkable for apocalyptic language but no real specificity.

Obviously Blodget's right. And don't skewer him b/c he didn't offer a solution. Understanding the cause makes the solution obvious and I'm sure Blodget knows it. I think I do.
1) Figure out in about 48 hours, how to reduce federal spending from about $3T, to $2.5T, by cutting govt 'ees pay and benefits if necessary.
2) Tell states they will get NO more federal money unless they cut their pay and egregious lifetime benefits by 25% immediately.
3) Reduce FICA taxes immediately, esp since the excess is spent every year anyway! 4) Lower cap gains and corp tax rates immediately. 5) Make any health insurance for govt 'ees and Medicare have at least 1,000 or 2,000 annual deductibles.
And on and on. See how simple the solutions are? And the economy would begin to be revitalized immediately, and the govt would STOP borrowing money like a drunken fool. But there's not a snowball chance in hell that the Dems would do any of this!!!!!! None.

Adding to Steve's list- declare war in Iraq and Afghanistan- or get the hell out.
Fighting undeclared quagmire wars is unconstitutional and expensive.

Obama is a socialist and marxist, so is his staff and so is Nancy (the witch) Pelosy and most Democrats today. Therefore we will have a Great Depression, it may last years, until we get back to free market economy, when a Republican Majority Government sells all the nationalized banks and companies for 22 cents on a dollar and we pay off the rest from taxes.

Its like A cock fight, throw another one in the ring and see if he lives,you would think these idiots could at least provide a national front and agree on something. Its like listening to children.