So you want an easy answer….then yes, Irene, it is!  It is in danger of having the same result as that of the Japanese in the 90’s.  Apparently, that is what you dicks are looking for…..the Repubs are hoping for it…for it will return them to power.  That is why they ALL want Obama to FAIL.  They may try to make it sound more noble than that, but the bottom line is they want him to fall on his face and the economy to collapse completely.

So yes Irene, you bet your scrawny ass the economy is in danger!

Joseph Stiglitz recently wrote on wsws.org:

The banking system has just been tested to see if it is adequately capitalized – a “stress” test that involved no stress – and some couldn’t pass muster. But, rather than welcoming the opportunity to recapitalize, perhaps with government help, the banks seem to prefer a Japanese-style response: we will muddle through.

“Zombie” banks – dead but still walking among the living – are, in Ed Kane’s immortal words, “gambling on resurrection.” Repeating the Savings & Loan debacle of the 1980’s. the banks are using bad accounting (they were allowed, for example, to keep impaired assets on their books without writing them down, on the fiction that they might be held to maturity and somehow turn healthy). Worse still, they are being allowed to borrow cheaply from the United States Federal Reserve, on the basis of poor collateral, and simultaneously to take risky positions.

Every downturn comes to an end. The question is how long and deep this downturn will be. In spite of some spring sprouts, we should prepare for another dark winter: it’s time for Plan B in bank restructuring and another dose of Keynesian medicine.

as usual the help is always for Wall Street….Main Street is struggling and dying….no one seems to care, especially Wall Street and Washington…their survival is all that matters.