Exactly How Bad Is It?

Recession or depression? All that really matters is that the middle class in this country are having their "economic thermostat" reset so that global companies can start hiring Americans for MUCH LOWER wages. Nothing makes people appreciative for a few economic crumbs like the fear of total financial ruin. When your employer comes to you and says "insurance costs are up. Got to raise your share of the contribution" you'll say ," Thanks Mr. boss-man I thought you were going to FIRE me!" Companies will start taking on entry level college grads @ salaries in the 20K range. Living with mom and dad won't be a slacker lifestyle. It'll be the ONLY OPTION for most 20-somethings. Indeed, with everyone's finances in the toilet, corporate America is going to twist the middle class' collective nut sack until the balls turn purple. I'm not even sure Barack Obama will be able to put a stop to this. And if McCain is elected, he'll make sure the interests of his cronies in industry get everything they want. Labor unions? Say goodbye. Employer paid health care? Buy yourself a box of band-aids and some Robutussin.

its easy to get carried away and point the finger at one president or another for the financial meltdown. as best as i can remember the real culprits are the cronies running our treasury department and a man named allen greenspan who championed sub-prime loans and EZ credit for the american consumer. after the clinton years of economic success bush simply took an "if it aint broke" approach and continued letting greenspan working a job the american public couldn't fire him from. you want somebody to blame, blame themortgage brokers who assumed no liability over the bad loans they sold to the american people and the american consumer that was too stupid to realize they were being lied too by professional salesmen looking to line their own pocket books. this mess is OUR fault as much as our leaders because our most precious resource.. "real estate" became as easy to acquire as a credit card with exploding interest rates for those who can't really pay. the only real "manipulator" is a public molded by an inadequate generation of teachers who allowed the american public to be dumbed down enough to be capable of becoming so easily manipulated by the media, politicians, banks and middlemen with a who feed us "what to think, and when to think it". the public trust was betrayed.. YES! but we shouldn't have trusted these people to begin with and approached what we hear and know with the SAME skepticism that are grandparents and parents have when a telemarketer calls the house.








mortgage brokers
sit in his chair from a job the american public could not fire him from.

it is my belief that we bropught on the dow turn with articles like this one ..true bush dint help th matter ..But lets face it ...if you review web content from the past say 1997..1999....stories are of how much we can spend ...What we need here is stimulus of the mind ...but we also have another problem that is lurking here that is the rich trying to abolish the lower and midle class ....that is there purpose for creating a recessiion,,,a fool like bush to emplement it through his 8 yrs of fooolery .....wake up people our country has been in his pocket as and has the same bad policy as his farther was in 1991 thank god for nov 4 ,,,

It's tougher to tell we're in a recession now that "Manipulator" Bush has manipulated the GDP measurement by cutting out all of those billions in loses racked up by the banks. He's more worried about his legacy than the truth.

It is so satisfying to see this global financial meltdown happen on "MBA Dunce" Bush's watch. It is a complete repudiation of Ronny Raygunz's Voo Doo Tinkle Down economic nonsense that has left the whole world wet from the wrong kind of Golden Shower. Time for some Robin Hood government which will take from the rich and give to the poor. Let's see some wealth redistribution that benefits the poor and middle classes.