Worse or Dead Worse

Interesting article by Jim Cramer in NY Magazine this week about the sorry state of the economy today and what could possibly happen a year from now:

What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. The first step was passing the bank-bailout legislation. Now that it’s done and if it didn’t get done we would have been looking at a guaranteed economic collapse, the critical issue will be presidential leadership. And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression.

No matter how we cut it, things are just screwed up.

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