The funniest interview I've seen all year. The markets broke the economy and this crazy says "the government can't fix a government spending problem". Obama is certainly not helping but the problem is a lot more than two years old. The US is nothing like Japan, Japan is flat but stable, the US is volatile. Who buys this crap? So he's right about the economy being f***ed, wow, genius.

"Markets" broke the economy? How about government broke the markets?
http://andyswan.com/blog/2008/09/23/blame-congress-not-capitalism/

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Government deregulated the markets. The markets broke themselves. The government wasn't giving the highest possible credit rating to toxic assets or trading those assets as if they were sound. Fannie and Freddie were a disaster waiting to happen but not the source of the financial crisis. Even if its perfectly legal to shoot yourself in the head... you're still the one pulling the trigger. Don't blame the law.

Then why do fannie and freddie need more than all others combined several times over?

I'd like to see this fellow debate Dr. "glass half-full" Mark Perry.

I agree!!!!