March 14, 2009

Are we headed for another Great Depression?

Mar 12 05:49 PM US/Eastern
Associated Press Writer

Obama: Economic crisis 'not as bad as we think'

WASHINGTON (AP) - Confronting misgivings, even in his own party, President Barack Obama mounted a stout defense of his blueprint to overhaul the economy Thursday, declaring the national crisis is "not as bad as we think" and his plans will speed recovery.



"The industrial situation of the United States is absolutely sound, and our credit situation is in no way critical...The interest given by all the public to brokers' loans is always exaggerated...The markets generally are now in a healthy condition. The last six weeks have doen an immense amount of good by shaking down prices...I know of nothing wrong with the stock market or with the underlying business and credit structure."

--- Charles Mitchell, Chairman of National City Bank of New York, two days before the stock market crash on October 22, 1929. (Chapter 1, God's Plan to Protect His People from the Coming Depression)

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Personal note:
My intention in sharing these messages with you is to provide an awareness concerning, 1) the changes that are taking place in our world that are not pleasing to God, 2) direction regarding where to obtain resources to help you and 3) encouragement to share this with others.

We must draw closer to God through His Son Jesus Christ by devoting our time with greater commitment to reading and studying His Word. We must also draw closer to Him through prayer as well.

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