Asked by Anonymous at 5:37 PM on Aug. 24, 2009 in Politics & Current Events
I'm a former banker and holder of 2 related degress and also a small business owner. The use of the word "recovery" is laughable.
We are still losing jobs, interest rates are going up and credit is tighter, industry is cutting production, consumer confidence is in the toilet.....just to mention a few things...............oh I failed to mention that we will have no chance to recover until our government STOPS THE SPENDING. The continued borrowing to pay the everyday bills of our country only puts us deeper into the well.
Answer by yourspecialkid at 8:32 PM on Aug. 24, 2009
Answer by Anonymous at 5:44 PM on Aug. 24, 2009
Answer by agentwanda at 5:53 PM on Aug. 24, 2009
Answer by Anonymous at 5:59 PM on Aug. 24, 2009
Answer by luvmybabieskna at 6:16 PM on Aug. 24, 2009
Answer by mamakirs at 6:17 PM on Aug. 24, 2009
Answer by Crissy1213 at 6:28 PM on Aug. 24, 2009
Answer by grlygrlz2 at 6:29 PM on Aug. 24, 2009
Answer by Anonymous at 6:39 PM on Aug. 24, 2009
It's far from over and I agree that it's the calm before the storm. I also agree with anon :39. The rich are getting poorer and if they start having to pay even more in taxes than they already do they will cut back their spending even more. That means even less money going into an already sluggish economy. I don't see how it's going to improve for any one anytime soon.
Answer by anime_mom619 at 6:55 PM on Aug. 24, 2009