Outsourcing Tax Credit
August 29th, 2009
Question: with 1000s of mortgage and credit card defaults and the stock market plunging, are we headed for a depression?
rents, mortgages, taxes are spiraling upward.
1000s of people are losing their jobs to “outsourcing”
homes are going into forclosure at a record rate.
wages are not increasingit is dismal and looks worse every day
Answer: The mortgages that are being “defaulted” on should never had been given in the first place. Adjustable rates, what a crock of doo-doo they are. Credit Card defaults are about the same level as they always have been. Now we have Gary Coleman advertising “Call Cash” that has a 99.25% interest rate. (look at the small print on the bottom right of your tv screen) People will fall for that. If they borrow $100. they will owe $199.25 the next day. What needs to be done is for each city have a “stupid class” and send people there.
So much for my rant!!!!
Rob Johnson: Reviving Confidence in the American Economy: China, Investment and the Deficit Hawks
The retrenchment of the American consumer blows a chill wind over the sentiments of consumers and business investment. Only the Obama Administration’s fiscal stimulus resists the decline of demand.
Obama Fights Outsourcing
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