Wherever you look right now, there is bad news on the economy. Unemployment higher than for the last twenty years and more. Personal levels of debt almost unmanageable. Foreclosures crashing like waves on the suburbs and exurbs, washing away property values. The Federal Government going a trillion and more dollars into debt for the bailout [...]
Everywhere you look, you see stories about the bailouts. It seems bankers, insurance companies and auto manufacturers can’t survive unless the government gives them tax payers’ money. This is one of those chicken-and-egg moments. If large companies go bust, that throws a lot of people out of work. The unemployed stop buying “stuff” at their [...]
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