We see the Ameircan, and global economy stagnating in the current economic malaise. The incompetent policies of Allan Greenspan, and his assistants,have ruined the American, and global economy for many years to come.This economic time bomb, is also tied into the Political gimmick of Tax cuts, in times of Global inflation. Americas, and the Global economy, will find itself in a situation of a major global collaspe in the next few years. We saw the Federal Governments recent rescue of Bear Sterns, and the Federal Governments decision to allow Lehman Brothers to collaspe.The latter was a racist firm, who I feel got what it deserved. That being said, America and the entire global economy will find itself held hostage, by Firms placing huge sums of capital in risky unsound derivitive instruments. The regulatory oversight has been neglegent in its duty to perform oversight of these rouge firms. So, this may just be the begining of the end.The Federal government of the United States can act now to stave off the explosion of this "Economic Time Bomb".