Now that Obama is pushing the country towards socialism it will be interesting to see what happens next. Again the government with borrow to spend more. The biggest bubble is yet to burst. Rising unemployment with unleash a credit card crisis that will make the one we have just faced seem like nothing.
As we approach year end more and more businesses will simply run out of money as short term credit lines are simply not available. This is the problem that the big 3 auto makers are facing. Not a lack of orders, but really a lack of cash to run the business.
I would let the big three fail. They won't completely. They will file for chapter protection and re-emerge in the future hopefully minus the unions. Don't forget the unions. Paying factory workers $30 to $40 per hour to build cars is unsustainable. Bring back Maggie Thatcher and let her run the US for a year.
This is going to be a miserable next two years for a lot of folks. It is time to for the church to start thinking through how it is going to cut it's own infrastructure costs to be better positioned to help the people who have been supporting it financially all of these years. Now this will be interesting to watch. What will be the church's equivalent to the CEOs private jet fiasco this week? Will the church step up and do the radical thing? Acts 2:42 comes to mind.