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Reply #10: Of course it is worse. Our entire financial system nearly [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

livetohike

(1000+ posts) Send PM | Profile | Ignore

Fri Apr-02-10 10:24 AM
Response to Original message

10. Of course it is worse. Our entire financial system nearly

collapsed, or it would have been a depression. My husband and I are in our mid-50's, we have both been unemployed in every decade. The early 80's was really bad in Pgh.when the steel industry collapsed.(Thank you Ronald Reagan)- as bad as Detroit now, maybe even worse. I can remember living in Houston in 1980-1982 and the interest rate to purchase a house with a fixed 30 year mortgage was 11%!

If you're saying Pres. Obama has done nothing about the economic crisis, I don't understand your premise. What do you think he should do to create jobs?

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