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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (262516)	7/20/2010 11:42:39 PM
From: bentway	Read Replies (1) \| Respond to of 306849

Here's how I see it. Obama was handed an economy on the precipice, eyeballing collapse into a Global Great Depression II. Not being an economist, he listened to them and spewed money in all the recommended directions, just as Bush had. American business took the opportunity of the Great Recession to shed all the inefficient fat and deadwood they had accumulated domestically, and shift a lot of operations overseas to cheaper labor divisions there. The jobs aren't coming back. That ship has sailed. So, how to deal with continual high unemployment, European levels of unemployment. But, we don't have the European social safety nets. So, what to do with these people? FU, I've got MINE?