Advanced economies are already in a "depression" and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

 

http://www.bloomberg.com/apps/news?pid=20601080&sid=a6aaWZ8ab8yU&refer=asia

Oh, save us Obama with your big spending bill! *rubs Bernanke's perfectly trimmed beard* :D

 

EDIT:

 

Mr. Obama described his opponents as offering "tired old theories that, in eight short years, doubled the national debt, threw our economy into a tailspin, and led us into this mess in the first place" and "a losing formula that offers only tax cuts as the answer to all our problems while ignoring our fundamental economic challenges..."

 

Then after this shot, the president offered this note of bipartisanship, saying the American people "don't expect Democratic solutions or Republican solutions -– they expect American solutions."