If the tea party had won, this would have unwound much quicker and cleaned itself out much as the great depression of 1921 that never was did.And had the Tea Party, which I take it you are a member of Robroy, won we would have defaulted and had to pay even higher interest rates.
"Despite a greater economic meltdown in 1920 than the one seen in the wake of the 1929 Wall Street Crash, the Great American Depression of 1921 never happened because the US government of the time did absolutely nothing to 'solve' the problem, except cut its own spending." from this site: http://angloaustria.blogspot.com/2009/05/why-...
A nice synopsis.
But don't get me wrong. I told my republican friends in 2008 that they may not want their man to win because whoever was in office when this thing came down would be blamed. The problem with Obama is that he is such a painfully empty suit that the world laughs at us. When times are bad and good manners are strained, you don't want to appear vulnerable. That is how world wars start.
I still contend that Obama will not finish his first term. It will be that bad.