It has just begun you think its bad now just wait, in LA CA the official unemployment rate is around 7% keep in mind that figure does not include the people that have already exhausted there benefits so in reality the unemployment rate in LA CA area is around 12 to 18% that is a lot of people out of work.
The shit started to hit the fan when the Bush administration asked Greenspan to start lowering the interest rates on what banks pay on a over night loan Bush did this in order to avoid a recession. The US because of what took place 7 years ago is facing a depression that will make the 1929 crash look like nothing. Where did the government get the 85 billion that it pretty much gave away to AIG? They think it is tax payer money but we US tax payers are not going to pay it.
Chris Stigall is the man.
underfoil 3 years ago
Government meddling in the market has only been going on for 15 years!!!????????? what history book did that tool read?
Geschmolzen 3 years ago
It has just begun you think its bad now just wait, in LA CA the official unemployment rate is around 7% keep in mind that figure does not include the people that have already exhausted there benefits so in reality the unemployment rate in LA CA area is around 12 to 18% that is a lot of people out of work.
TheOne1215 3 years ago
The shit started to hit the fan when the Bush administration asked Greenspan to start lowering the interest rates on what banks pay on a over night loan Bush did this in order to avoid a recession. The US because of what took place 7 years ago is facing a depression that will make the 1929 crash look like nothing. Where did the government get the 85 billion that it pretty much gave away to AIG? They think it is tax payer money but we US tax payers are not going to pay it.
TheOne1215 3 years ago