MCAD Industry View – An August 2009 Update

Looks like the authors are back on their medication. No diatribes about the government or how they'd personally been abused by the financial markets!
I suggest that this report is much more what people expect from an industry survey. Wondering what I am talking about? Read the previous few releases of this MCAD Industry View.
Example from March '09:"The U.S. is now in its deepest economic slowdown since the 1930's. Bush 43 and his administration bequeathed monumental problems for President Obama and the rest of us to overcome. The downward spiral has tremendous momentum and it’ll be very hard to reverse.
As a giant first step, President Obama and his fellow Democrats muscled a $787 billion Stimulus Bill through Congress in mid-February 2009U, despite nearly universal Republican opposition, and despite the fact that Republican policies (of deregulation, deficit spending, lower taxes, needless wars like IRAQ, etc.) were the very policies that got the economy in trouble in the first place. Worst of all, many Republican politicians have said that they are hoping that the now lawful Stimulus Bill fails, thereby hurting millions more Americans, just so that “the GOP might gain congressional seats in 2010.”