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Reply #38: I wouldn't count on that fast rebound [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-21-08 12:36 PM
Response to Reply #10
38. I wouldn't count on that fast rebound
the cratering out of our economy, a work in progress over the last 20 years, is pretty much complete. There isn't a lot left to rebound. Most of our economy consists of selling each other houses, haircuts, and hamburgers, the other huge piece was financial services, but who the heck wants to use our failed and corrupt financial services institutions anymore? We don't make much. We buy a lot, but that buying is coming to a crashing halt, and with it all the services associated with our debt financed shopping spree are also in trouble.
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