Monday, April 14, 2008

Worth repeating.

Robert Reich
We’re heading into the worst economic crisis in a half century or more. Many of the Americans who have been getting nowhere for decades are in even deeper trouble. Large numbers of people in Pennsylvania and across the nation are losing their homes and losing their jobs, and the situation is likely to grow worse. Consumers are at the end of their ropes, fuel and food costs are skyrocketing, they can’t go deeper into debt, they can’t pay their bills. They aren’t buying, which means every business from the auto industry to housing to even giant GE is hurting. Which means they’ll begin laying off more people, and as they do, we will experience an even more dangerous downward spiral.

Bitter? You ain’t seen nothing yet.

Labels: , , ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home