My View On “Downturn’s Ugly Trademark: Steep, Lasting Drop in Wages”
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Helmut – You should ask for a refund on that tinfoil hat: It’s either blocking your hearing and eyesight or it’s causing massive memory loss.
America’s Second Great Depression was, according to Ben Bernanke (your hero’s Chairman of the Federal Reserve), quite clearly showed that it’s roots directly attributable to 1994 when will i get my tax refund Bill Clinton appointed Jaime Gorelick to run Fannie Mae and Franklin Raines to run Freddie Mac with the instructions to ‘go forth and guarantee every sub-prime loan possible, and then some’.
Voila, presto, bubble time, and 13 years later, America’s Second Great Depression.
Oh, and speaking of history: 14,000,000 Americans have been added to the unemployment rolls since January 20th, 2009.
You might want to check what happened on that date.
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