One other thing - dozens of replies in this thread, most constructive, a few immaterial or childish. But as of yet, no one has specifically responded to the core issue of the relevance of a 19%, throng of 30 million unemployed in this country. Does anyone have reason to contest this figure? It is approaching the rough estimate of 25% UE during the Great Depression. Does anyone think it doesn't go higher from here? Significantly higher?
a large number of people who live in major cities in the US are completely lacking in skills. they r on welfare or are in gov't jobs which require little skills and are woefully overpaid compared to the private sector. the US will not turn into a third world country overnite . never heard anybody make that claim. the process will take time but there will be a tipping point with hindsight.
You don't even live in the US. Your experience of USA is obviously from tourist areas. Let me guess, Disneyland & Disneyworld. You're clueless, thanks for confirming that. Low cost of living & very high standard of living? LOL! Not for the average folks.
Ivanovich Moderator* Registered: Oct 2004 Posts: 6937 New Post 08-11-09 01:38 PM Quote from fkbsuhites: Obama has done a fine job of postponing the Bush depression. I had to edit this for what I believe will be reality. -------------------------------------------------------- the poster was right. obama has postponed the inevitable. obama's measures will make the cure for the depression more lengthy and more painful. and will result in a dictatorship in the US.
It will take more than a few years to bring down the worlds largest economy. Funny how all the depression and armageddon talk ramps up on red days.