Quote:
Originally Posted by Sethseekstruth
We need a fundemental re-alignment of the way people in America live. The economy was fueled by ever increasing consumer debt in one form or another, either via credit card or mortgages in over valued homes.
People have gone into debt buying crap they don't need, and now thay are out of money, and until the debt levels come down we will not see growth
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This wasn't caused by consumers. it was deregulation,credit swaps and derivatives.A another big problem in this country is we don't make shit. Its all made in third world countries so goods are cheap which doesn't make the people aware their wages havent really risen to shit for a long time.imo
I have a friend who is as right wing as right wing gets.He actually has ties from the rush tie collection. He said its all bullshit that unemployment is much higher than we have been told for quite a while. People cant pay their mortgages because they have lost jobs and cant find work. Think about it, you are just going to walkaway from your home for a increase of 500 to 800 dollars and ruin your credit for a very long time?
I saw myself starting a couple of years ago, I was shooting more and more models that started doing adult because they were laid off from their job and couldnt find a replacement.