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The short and simple story of the credit crisis


http://www.crisisofcredit.com/

Yup and they quit building affordable housing and gutted the market with bigger and bigger houses which many couldnt afford. Most of the drywallers I know are down south doing hurricane redbuilds.

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I think the point was that it was the greed of the upper class and how the people with money took advantage of folk that maybe didn't know any better, that broke the economy. You can also see this in other sectors of the economy. And even now with the bailout money they can't do the right thing. My point is that greed will not let "trickle down economics" work. "Trickle down economics" has never worked and will never work. And I hope that the U.S. will not have to live through another attempt of it.

I received this in an email today and for an off beat concept this really makes sense.

How To Fix The Economy

For a whole lot less that the trillion dollar stimulus package...................

This was an article from the St. Petersburg Times Newspaper on Sunday.

The Business Section asked readers for ideas on "How Would You Fix the Economy?"

I thought this was the BEST idea....I think this guy nailed it!

Patriotic retirement: There's about 40 million people over 50 in the work force.

Pay them $1 million a piece severance with stipulations.

1) They leave their jobs. Forty million job openings - Unemployment fixed.

2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.

3) They either buy a house or pay off their mortgage - Housing Crisis fixed..