What does he know?

There's a report out just now that President Obama (God, I love to see that) has warned anew, this morning, that unless his economic stimulus package is put through, the recession will turn into "a catastrophe":

"A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future," he said. "That's why I feel such a sense of urgency about the Economic Recovery and Reinvestment Plan."

Now, supposedly Mr. Obama is a cool, calm decision-maker and not prone to exaggeration.

Wouldn't you love to know just exactly what he's seeing and what he knows?

There are bloggers all over the internet predicting some awfully bad futures for the United States and the world.

One of them, "Automatic Earth", is particularly good at giving simply raw data and statistics on the US' and world financial and economic situations:

http://theautomaticearth.blogspot.com/

If you go there and read very long, it makes you think it's this kind of data the President is must be getting and reacting to.

And it doesn't sound good, by any stretch of imagination.

When I read and think about this current economic situation of America and the world, I begin to feel as though I'm on a roller coaster in utter darkness--and it's scary, getting bad and I fear what's coming up ahead will be much worse.

Link to original story:
http://news.yahoo.com/s/ap/20090204/ap_on_bi_ge/congress_stimulus