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Reply #2: No shit, Sherlock. I keep trying to point out [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-03-09 01:22 PM
Response to Original message
2. No shit, Sherlock. I keep trying to point out
Edited on Tue Mar-03-09 01:23 PM by Warpy
that the real crisis is a jobs and wages crisis that has been building for over 30 years and finally trickled up to the wealthy.

All economies function from the bottom up and that applies equally to bad ones and good ones.

Had jobs not been shipped offshore and wages been held down here, people would not have been forced into the type of crushing debt they have no possibility of paying off in a normal working lifetime at those depressed wages. The fact that the smartest guys in the room were using that debt to play numbers games and inflate profit is beside the point. The crash is happening because people have no way to pay their debt.

That's the elephant in the room that the well paid, well padded bobbleheads on the evening news would rather die than acknowledge, that their own financial well being depends on that of the janitors who clean up after them in the wee hours.
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