Quote:
Originally Posted by Useless Warrior
That's the only point I agree with you on, but I you could have predicted that before this crisis.
I predict everything will be fine for the average American. Sure, if you purchased a home within a the last few years, you probably aren't going to want to sell it for several more years since its market value is about to drop, and your 401K's value means you won't be able to retire tomorrow, otherwise, I've seen no reason to believe that we need to start looking for soup kitchens.
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I tend to agree BUT...if we continue the policies of deregulation, and if the middle class continues losing wealth while wealth concentrates at the top of the economic ladder, we're fucked. 2/3 of our economy runs on consumer spending, and when their wages cannot keep up with prices, the economy grinds to a halt. Conservatives like to remind us that it is the wealthy that creates jobs...I like to remind them that it is the non-wealthy that buys the shit they sell, and if nobody is buying, there's no economy.