Reply To: Should the USA Bailout EVERYONE?

#786567
Anonymous
Inactive

@GamTrak 186094 wrote:

What do you think will happen when millions of people have NO home and NO job, but the banks have all of the money? It won’t be pretty. :Cry:

none of this is new, we’ve been talking about this for over 6 weeks now. However, I was bitchin about the state of affairs ironicly exactly 4 years ago today on my blog. As were many others.

Friday, November 12, 2004
Fasten your Boots

Fasten your boots, the ride is just beginning.

With the working population growing at 150k a month, the American Capital System is in jeopardy. Gone are many of the manufacturing jobs that supported working class famlies for so long. It’s a new dawn in the job market these days.

With a large pool of workers, corporation no longer need to offer benefit packages to attract qualified candidates. This is why there has been a large rise in temporary workers the past decade and a half.

Bush stated in the third debate that the country is moving towards an “ownership society” and in a recent Gallop poll and “greed and materialism” was the number one moral issue.

Ultimately, this will further divide our country into have and have nots.
Further evidence is that home ownership is at a record high, but also are the number of bankruptcies and the number of people entering poverty. This a bubble ready to burst.

When a computer hangs, the user presses the reset button. The capital system is in much need of a reset. Similar to the stock market crash of 1929. Although, the human suffering would be widespread, it is the best thing that could happen to this country in the long run as greed is out of control.