Will America go into recession before Obama releases his specific economic and jobs plan in September after he is done with his throw America under the bus tour and his 11 day vacation in Martha's Vineyard? Whew! ! ! ! Busy guy.

America is already in a recession, not on the scale of the Great Depression, but the figures are there - high unemployment, inflation rates,reduced output, Wall Street suffering wholesale wipeouts, overborrowing, overspending and a massive deficit that was just and only just saved by the New Deal.If Obama does have a deal and I'm sceptical on this one, it won't have any immediate effect on the recession.