I think Bush and McCain have serious psychological problems. Not the nation.

If everything bad that happened in the economy was really due to psychology then why doesn't the Federal reserve hire a psychologist to lead?

Obviously, this is just a dodge. Psychology may play a small role in when and how downturns happen but they do no determine IF they'll happen. Americans have been spending beyond their means for decades, both nationally and individually, it doesn't take a math whiz to see that can't go on forever.

Well it's true, rooted behind the effectiveness of any macroeconomic policy is the underlying consumer and investor/business confidence that predicates its impact. Sharp economic downturns are often triggered by a few key players causing a bandwagon effect.

What inspires more confidence though, a plan to wean us off oil, and move us into renewable energy sources, or making a plan to increase oil supply slightly in 10 years?

I know there's a lot of ideological noise out there about environmentalism, but surely smart investors realize that demand is going to outstrip supply from here on out, no matter how craven or aggressive we are about pumping more oil.

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