I started to flip through all the unread articles over the last six weeks and did exactly that: moved on it.
What I've managed to save and read over the last few weeks, and it is more than enough to prove my point.
"Moving rate in US is at lowest ever tracked; Residents stuck amid struggle with economy" October 28, 2011|By Hope Yen, Associated Press
WASHINGTON - Yet another symptom of the economic downturn: Americans are not moving.
We were told it was over for two years, blah, blah, blah. And remember, this is the same mouthpiece media that his the beginning of the Grand Depression from you for over ten months, dear readers.
Young adults are staying put, often with their parents.
What do you mean the kid is not finding his own place?
Older people are not able to retire to beachfront or lakeside homes. US mobility is at its lowest point since World War II.
Related: Boomers Retirement Goes Bust
All so banksters could get phat on fraud.
New information from the Census Bureau highlights the continuing impact of the housing bust and unemployment on US migration, after earlier signs that mobility was back on the upswing. It is a shift from America’s long-standing cultural image of ever-changing frontiers, dating to the westward migration of the 1800s and more recently in the spreading out of whites, blacks, and Hispanics in the Sun Belt’s housing boom....
Can we please dispense with the self-delusional, self-aggrandizing myth regarding the nation?
Residents have been largely locked in place. Families are stuck in devalued homes, and young adults are living with parents or staying in the towns where they went to college.
“The fact that mobility is crashing is something that I think is quite devastating,’’ said Richard Florida, an American urban theorist and professor at the University of Toronto’s Rotman School of Management. He described America’s residential movement as an important element of its economic resilience and history, from development of the nation’s farmland in the Midwest to its coastal ports and homesteading in the West.
“The latest decline shows that we are in a long-run economic reset, and that we never really recovered,’’ Florida said. “ We’ve just been stagnating along.’’
Yes, dear readers, it is EXACTLY AS I HAVE BEEN RAGING here on this blog for MONTHS if not YEARS NOW!!!
The GRAND DEPRESSION was REALLY A DEVISED PLAN into an "economic reset" and the CONTINUED ADVANCEMENT of the GLOBALIST AGENDA. Your economies were RUINED ON PURPOSE so BANKSTERS could PROFIT and ADVANCE THEIR PLANS!
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The share of people moving has been declining for decades, due in part to increases in two-income families that are more tied down by jobs and to an aging population that is less mobile....
Become more and more like a Third World Nation, America -- with the banana republic government to boot.
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Oh, nothing to worry about:
"Growth eases worry of a repeat recession; US, Mass. show gains; Europe acts on debt crisis" October 28, 2011|By Megan Woolhouse, Globe Staff
The likelihood that the nation or state will slip into a second or ‘‘double-dip’’ recession lessened yesterday, as state and national economies reported stronger growth and European leaders took steps to avert an economic meltdown abroad.
The improved domestic outlook, combined with relief over developments in Europe, sent US stocks soaring. The Dow Jones industrial average gained nearly 340 points to close above 12,000for the first time since early August.
“We do have good forward momentum going on here,’’ said John Silvia, chief economist atWells Fargo & Co. in Charlotte, N.C. Silvia’s forecast: ‘‘Modest growth, no recession.’’
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In the United States, much of the economic growth was the result of an increase in business and consumer spending. Businesses, enjoying strong profits, increased investment in real estate and equipment at annual rate of more than 16 percent, the Commerce Department reported.
Consumer spending, which accounts for more than two-thirds of economic activity accelerated to a 2.4 percent annual rate, after growing less than 1 percent in the previous quarter.
Many consumers who have been putting off purchases of big-ticket items, may have found that they could no longer delay.
‘‘At some point, no matter how gloomy you are, you still need to replace stuff,’’ said Silvia,of Wells Fargo. ‘‘That’s what’s catching up to us now. People are buying, whether it’s a washer, dryer, or a machine shop tool.’’
An analysis of yesterday’s growth reports by IHS Global Insight noted that increase in consumer spending was the result of households dipping into savings, rather than increases in earnings....
‘‘That’s not a solid foundation for growth,’’ said Nigel Gault, chief US economist at IHS Global Insight.
But let's not let that get in the way of the propaganda message.
Northeastern University economics professor Alan Clayton-Matthews, one of the authors ofthe report on the Massachusetts economy, noted much of the growth was the result of gains in productivity, an indication that companies are getting more work from existing employees, rather than bringing on new ones.
‘‘That tones down my enthusiasm,’’ Clayton-Matthews said.
Mine, too.
And even if the face of "growing corporate profits" the bastards are still not happy. Now move it, slave!!
Michael Goodman, a public policy professor at UMass Dartmouth and another of the Massachusetts report’s authors, said the improvement in growth combined with a lack of hiring showed that ‘‘employers and business enterprises in Massachusetts were able to get by with the same or fewer workers.’’
‘‘It’s another illustration of the imbalance in the recovery we’ve been experiencing in Massachusetts and the US,’’ Goodman said, ‘‘where the growth is concentrated in a small number of industries and the benefits are going to a small segment of the population.’’
Meaning there has NOT BEEN a RECOVERY for MOST OF US -- a fact MASKED by the EXORBITANT ADVANCES of the ELITE!!
The quarterly report, published by the University of Massachusetts Donahue Institute incollaboration with the Federal Reserve Bank of Boston, called another recession in Massachusetts unlikely, but said that the state’s economy will slow in the next six months, due to shrinking global demand for the state’s technology products, such as semiconductors and electronics manufacturing equipment.
We never got out of the first recession, and just looking at the source of the report one can smell the bulls***.
The state’s exports fell between June and August from the previous three months, theUMass report said. Massachusetts also faces other problems; the report’s analysis of tax withholding suggested that wage and income in the state declined. The report also noted a that Massachusetts employers cut jobs in August and September.
And yet were are told time and again by the Globe how great the state economy has bounced back, and how much better it is than the nation.
Related: Boston Globe Giving You the Business
They sure are!
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"Report says state’s economy will slow; 2012 job losses seen, followed by recovery" November 18, 2011|By Megan Woolhouse, Globe Staff
Massachusetts’ economy is expected to slow dramatically and the state is unlikely to reach prerecession employment levels until mid-2014, according to a forecast to be released today by the New England Economic Partnership.
The darkening projections by the nonprofit forecasting group come on the heels of a state employment report that pleasantly surprised several economists because it showed solid job gains last month, nearly 11,000 spread across most sectors.
The unemployment rate held steady at 7.3 percent, well below the national rate of 9 percent, the state’s Executive Office of Labor and Workforce Development reported yesterday.
Northeastern University economist Alan Clayton-Matthews, who prepared the forecast for Massachusetts, said the monthly report was a relatively good one, but it does not significantly change his predictions for slowing growth and job losses through the first three months of 2012.
Although Massachusetts’ economy recovered faster than the nation’s, largely due to the strength of the state’s high-tech industry, the global economy has contracted and demand for the state’s high-tech products is expected to decline significantly.
You can see why I'm sick of reading the Globe, right? The repeating of lies is really enough now.
“That phase of the expansion is now over,’’ Clayton-Matthews wrote in his forecast. “The state’s economic growth is decelerating sharply.’’
If it was ever really here.
The state will avoid a recession, according to the forecast, but the labor market will be weak enough to cause the unemployment rate to rise by about a half percentage point before the second half of 2013, then an economic recovery will kick into high gear, Clayton-Matthews said.
Then it's not avoiding a recession (heavy pair of sighs).
Massachusetts has lost nearly 140,000 jobs since its peak prerecession employment in early 2008, Clayton-Matthews said, and has gained back 76,000, or a little more than half. The state will not regain the rest of the jobs until the second half of 2014, according to the forecast.
They keep pushing that back.
Business confidence appears to be slipping in the state, largely due to bleak or uncertain national and international global economic conditions, said Andre Mayer, vice president for research at Associated Industries of Massachusetts, a trade group....
University of New Hampshire management professor Ross Gittell, who compiled the regional report, said the New England economy lost 343,000 jobs in the recession and has recovered just 101,000, or less than one-third. The six-state region is not expected to return to prerecession employment levels until mid-2015....
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Related: New England economy growing, but hiring lags
Mass. unemployment rate drops, but state loses jobs
Gee, how could that happen?
"US jobless rate plunges to 8.6%; Yet 315,000 gave up hunt for work" December 03, 2011|By Catherine Rampell, New York Times
Somehow the US economy appears to be getting better, even as the rest of the world is looking worse.
Things are NOT ALWAYS AS THEY APPEAR -- especially in the business pages of the Boston Globe.
In the midst of the European debt crisis, lingering instability in the oil-rich Middle East, and concerns about a Chinese economic slowdown, the US unemployment rate unexpectedly dropped last month to 8.6 percent, its lowest level in two and a half years.
Wait until you see why.
The Labor Department also said that the nation’s employers added 120,000 jobs in November and that job growth for the previous two months was better than initially reported.
Translation: They are lying now.
Economic growth figure revised downward
Then either way someone is lying, aren't they?
That looks like good news for President Obama as he heads into the 2012 presidential election - especially since just a few months ago the end seemed to be nigh....
What CRAP!!!!
Part of the reason the jobless rate fell so low was that 315,000 unemployed workers simply stopped applying for jobs.
Yeah, if you STOP COUNTING THEM the PERCENTAGES SURE WILL LOOK BETTER, 'eh?
And resilient as the economy seems to have been since this summer, the fate of the fragile recovery is still tied to external - especially European - events.
Meaning globalization sucks.
So far Europe’s problems have been relatively contained to the Continent. Many economists worry that a disorderly default of Greece or Italy, which still looks alarmingly possible, could plunge Europe into a depression.
See: Monti the New Mussolini
Globe Gives Greece the Answer
If recent history is any guide, even a modest shock wave from across the ocean could throw the US economy off course; this year, a series of shocks from higher oil prices, the Japanese earthquake, and the stalemate on the US debt ceiling managed to drain the energy from a rejuvenated recovery.
November’s drop in unemployment was a welcome relief, given that the jobless rate had been stuck at 9 percent for most of 2011. It is now at the lowest level since March 2009; the rate has been above 8 percent for 33 months.
The share of workers who were unemployed fell in November partly because some people found jobs and partly because some discouraged workers dropped out of the labor force altogether.
That's why the number went lower. They simply were not counted.
That left the share of Americans participating in the workforce at a historically depressed 64 percent, down from 64.2 percent in October....
Meaning the REAL UNEMPLOYMENT RATE is near 30%, and it has NEVER BEN WORSE!!!!!!!!! You think I'm engaging in historian's hyperbole when I say such things?
Companies have been taking on more and more temporary workers, suggesting that more permanent hiring may be in the cards.
And HOW LONG have you SEEN THAT CARROT DANGLING in front of you?
What is more, help-wanted advertising, retail sales, and auto sales have risen; jobless claims have fallen; and businesses seem to be getting loans more easily.
We know why the jobless claims have fallen. It's in the SAME FRIKKIN' ARTICLE, fer cripes sake, and yet they CITE IT AS POSITIVE EVIDENCE!!!!
Of course, looking just at the claims figure can be misleading.
What do you mean "some of that decline is because recipients found work, but much of it is because many of the unemployed have used all of their benefits?"
Perhaps most encouraging was a recent survey of small businesses that found hiring intentions to be at their highest level since September 2008, when Lehman Brothers collapsed.
Intentions and actions are two different things, sorry.
“Small businesses were cheering up at the end of last year, but then got clobbered by the jump in oil prices, the Japanese earthquake, and then the debt ceiling fiasco,’’ said Ian Shepherdson, chief US economist at High Frequency Economics. “Small businesses employ half the workforce, and we need them on board.’’
Still, serious concerns remain about the economy’s ability to weather the financial and economic turmoil from abroad. The public sector continues to shed workers at the federal, state and local level. And excluding the hundreds of thousands who have left the labor force, the country still has a backlog of more than 13 million unemployed workers, whose average period of unemployment is at a record high of 40.9 weeks.
Where have all the corporate profits and borrowed bailouts and stimulus gone?
“They say businesses are refusing to look at resumes from the unemployed,’’ said Esther Perry, 59, of Bedford, Mass., who participated in a recent report on unemployed workers put together by USAction, a liberal coalition. “What do you think my chances are? Once unemployment runs out, I don’t know what I will do.’’
Even those with jobs are in weak positions. Average hourly earnings fell 0.1 percent in November. Yeah, save that for last.
You FELL EVEN FURTHER BEHIND as things "improved."
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Related:
"Post-recession, pay kept falling" October 10, 2011|By Robert Pear, New York Times
WASHINGTON - Household income declined more in the two years after the recession ended than it did during the recession itself, new research has found.
Meaning the "recession" NEVER ENDED!!
Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent to $49,909, according to a study by two former Census Bureau officials. During the recession - from December 2007 to June 2009 - household income fell 3.2 percent.
That is why no one believes "officials" anymore.
The finding helps explain why attitudes toward the economy, the country’s direction, and political leaders have continued to sour even as the economy has been growing. Unhappiness and anger have come to dominate the political scene....
The distortions and lies of the paper in the service of shoveling propaganda hasn't helped my attitude.
Two main forces appear to have held down pay: The number of people neither working nor looking for work has risen, and the pay of employed people has failed to keep pace with inflation, as the prices of oil products and many foods have jumped.
Well, a bunch of people gave up soon after on that first one.
During the recession itself, wage gains outpaced inflation.
They really expect us to believe that?
And if true, then the wealthy elite must have made a real killing to balance it all out.
One reason pay has stagnated is that many people who lost their jobs in the recession - and remained out of work for months - have taken pay cuts in order to be hired again....
If they could find slave service somewhere.
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And why is the answer always RAISE TAXES in the newspaper?
"Dip in government jobs playing role in nation’s anemic recovery; Private hiring up, but jobless rate is still very high" October 25, 2011|By Tom Raum, Associated Press
WASHINGTON - Cities and counties are hampered by lower property tax revenue because of collapsing real estate values. States are hurt by lower income and sales tax revenue because of the deep recession and stubborn unemployment.
MORE EVIDENCE there has been NO RECOVERY!
The National Association of State Budget Officers says states were able to sustain spending growth through 2010 principally with federal stimulus money. But it has since dried up. The loss of the federal stimulus “combined with a slow recovery in state revenue collections will continue the tight resource environment for states in fiscal 2012,’’ reports the association. Most state fiscal years begin in July.
It should be known as stimuloot because it didn't create jobs; it just filled well-connected coffers with tax loot.
Private business gains are too modest to significantly lower the unemployment rate, despite last week’s claim by Senator Harry Reid, the majority leader, that “private-sector jobs have been doing just fine.’’
Those guys are so out of touch in their taxpayer-paid-for world of privilege.
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Statistically, the recession ended in June 2009, but it’s been a tough slog since for nearly everybody. One exception: The number of people earning $1 million a year or more increased in 2010 by nearly 20 percent, the government reported last week....
Do I really need to type it?
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"US stocks soar on help for Europe; Central banks ease terms for loans; analysts warn move alone won’t end crisis" December 01, 2011|By Robert Weisman, Globe Staff
Investors poured money into US stocks yesterday, sending the Dow Jones industrial average up 490.05 points, as the Federal Reserve and other central banks moved to contain the European debt crisis and calm jitters in world financial markets.
But even as the benchmark index rose 4.2 percent - the biggest gain since March 2009 - market watchers questioned whether the action to offer dollars at cheaper rates to foreign banks was a stopgap measure, or the first step toward a solution that would spark a sustained stock rally.
That is a FANCY WAY of saying the FEDERAL RESERVE is instituting an American-taxpayer bailout of European banks.
“The market for today at least is highly encouraged,’’ said Harvard Business School management professor Robert S. Kaplan, former vice chairman of investment bank Goldman Sachs & Co. “But it’s going to be a messy muddle. The markets can deal with a messy muddle that will be scary at times. What they can’t deal with is chaos.’’
No, his former employer only causes it for profit.
James T. Swanson, chief investment strategist for Boston mutual funds firm MFS Investment Management, described yesterday’s buying surge as a “traders’ rally’’ that will probably not last.
“Choppiness remains the near-term outlook,’’ Swanson said. “This central bank action kicks the can down the road, but it doesn’t address the fundamental problem of the unsustainable debt load of the peripheral countries in Europe.’’
Then write it off as odious debt that the people had no say in and leave the billions-per-quarter-in-profits banks holding the bag.
Rattled by growing fears that the European financial crisis could spiral out of control, a half-dozen government banks around the world yesterday said they would cut in half the cost of a program under which banks in Europe and elsewhere can borrow dollars from central banks. The discount will help the banks fund their own operations and make loans to businesses. The Fed acted in concert with the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank, and the Bank of Canada.
The news pushed the Dow back over the 12,000 mark to close at 12,045.68. With all 30 component stocks rising, the Dow added $142.1 billion in market value yesterday. Other financial markets also rallied, with the tech-heavy Nasdaq exchange jumping 104.83 points, or 4.2 percent, and the Standard & Poor’s 500 gaining 51.77 points, or 4.3 percent. Investors were especially eager to snap up bank stocks, which were beaten down in recent months.
But the stock buying binge - which has the Dow ahead by 813.9 points, or 7.2 percent, so far this week - followed a Thanksgiving week retreat that sent the benchmark index down 564.4 points, or 4.8 percent, in one of its worst weekly performances in years.
Translation: It is an ARTIFICIAL DRIVE-UP, folks. I hate to be the one to tell you, but the STOCK MARKET is RIGGED!!
The dramatic swings are attributable to a series of mixed economic signals, said David Sowerby, portfolio manager for Loomis Sayles & Co., a Boston investment firm. While investors have been heartened by robust third-quarter earnings, surprisingly strong post-Thanksgiving retail sales both in stores and online, and China’s move to relax its requirements for banks’ cash reserves - making it easier for them to lend money - the uncertainty in Europe points to continued market volatility, Sowerby said.
“It’s only Wednesday,’’ he said. “After a very strong October, and an up-and-down November that finished flat, you have plenty of reason to expect more of the same.’’
Harvard Business School’s Kaplan cautioned investors against interpreting yesterday’s move to pump money into foreign banks as a signal that Europe had turned the corner and a recovery had begun. But the action by the Fed and other central banks suggested that government and financial leaders are grappling with the challenge, he said. “This would be like the patient being very sick, and we just reduced the chance of one of the complications killing him,’’ Kaplan said.
Under the best-case scenario, he said, European banks and governments will agree to a series of moves that will keep credit flowing, but impose austerity measures that force European countries to pay off debt for years into the future.
So you know where the tax money is going.
Under the most pessimistic scenario, he said, cooperation among Europe’s economic players would collapse, leading to government defaults, bank failures, and frozen credit.
Didn't we just go through all this a few years ago, and weren't we told the geniuses who caused it fixed it?
“What the central banks did today is reduce the probability of chaos and dislocations,’’ Kaplan said. “It’s nerve-racking, but Europe will have to work through this.’’
Much will hinge in the short term on whether the greater availability of dollars will help Europe’s banks loosen their lending practices, and whether European governments can take other steps to bolster their common currency in the face of slowing growth.
That means the PRINTING PRESS is going to be ROLLING, and that YOUR DOLLAR will be WORTH EVEN LESS, American -- all so Europe's banks can be bailed out (or more likely paid back because of all the mortgage-backed Wall Street securities they bought).
That could mean a largely sideways market for the time being, “until people can be assured that Europe won’t drag the US down,’’ said Swanson at MFS.
“The overall picture is easing people’s fears of a recession in the US,’’ he said. “But if Europe continues to weaken, we can’t remain insulated from that forever.’’
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Finally, poll results you can believe:
"Poll finds deepening economic pessimism; Faith in the future is very weak among Mass. residents as they remain wary about stocks and home values" by Megan Woolhouse Globe Staff / December 4, 2011
Despite improvements in the economy, Massachusetts residents hold deeply pessimistic views about the future, including a stark lack of confidence in real estate and stock markets, two traditional paths to financial security, according to a new Suffolk University/Boston Globe poll.
The survey found more than a continued bleak outlook; it found a disheartened population that says it is saving less, giving less to charity, and planning to work longer, generally for one reason: lack of money.
The real estate and stock markets offer little hope, they said. Nearly two out of three surveyed say they are unsure about stocks or currently consider them a bad investment. More than half think housing prices will remain stagnant or continue to drop in the year ahead.
“Things have been really bad but it’s reached another level now - people have lost hope,’’ said David Paleologos, director of Suffolk’s Political Research Center, which conducted the poll. “The American dream of owning a home and owning stocks are the pillars that have held up hope throughout our history. This is signaling to us that those pillars are shaking.’’
Meaning in the future ONLY SOME PEOPLE will own (multiple) homes and stocks.
Also see: Poor Boston
The American dream is dead.
The poll of 400 Massachusetts residents was conducted early last week, with a margin of error of plus or minus 4.9 percentage points.
Remarkably, optimism was easier to find in the same poll taken two years ago, when the nation was still reeling from the worst economic slowdown since the Great Depression. Most believed then that the recession would end in late 2009.
Two years later, three-fourths of those surveyed said the recession in Massachusetts has yet to end and half said they expected it to last at least two more years.
Because it never did.
The recession technically ended in June 2009, and since then, unemployment has ticked downward both nationally and in Massachusetts. (The state’s unemployment rate was 7.1 percent in October and the US rate fell to 8.6 percent for November.) In the last year, hiring, manufacturing and consumer confidence have all shown modest improvements.
And we know why they can say that.
Yet among those polled, gloom prevails, a sign that many have not shared in these gains or don’t believe they will last.
Yeah, ONLY MILLIONAIRES HAVE!!
One in five respondents said someone in their household had lost a job within the last 18 months, and of those who did, 36 percent said the person had been unemployed for a year or more.
Jeffrey Bolger, a Halifax resident, said too many manufacturing companies have moved their operations outside the United States, eliminating good jobs, leaving a new generation of workers in positions that pay less or offer few benefits. He said his adult son, for example, has a college degree and a job, but remains on Bolger’s health insurance plan.
Bolger, 61, said he is grateful to have a pension - he has been a state employee for nearly 40 years - but that he realizes the pension’s value and his retirement are also linked to corporations’ ability to maximize their profits.
What's good for corporations is good for you, 'murka.
“I want a good return on my retirement investments. On the other hand, the loss of jobs is killing the country,’’ he said. “I don’t know what the answer is - I’m just glad we’re not raising kids.’’
Even a potential bright spot in the survey - more than 80 percent of respondents say they’ve been spending the same or more on goods and services over the last six months - did not necessarily signal an improving consumer outlook, Paleologos said. The increase in spending probably reflected the rising cost of gas, food, and health care in the last year, he said.
Mark Zandi, chief economist at Moody’s Analytics, a forecasting firm in West Chester, Pa., said consumers are buying because they have to, not because they want to. “You can only rein in [spending on necessities] for so long,’’ Zandi said.
There’s plenty to be depressed about, Zandi added. Housing values have fallen by one-third in the last six years, stocks are flat, and political leaders appear incapable of resolving national budget woes.
How can STOCKS BE FLAT when the DOW JONES is ZOOMING according to this FRONT PAGE PIECE?
“People have been put through the wringer,’’ Zandi said. “They’re very tired and they’re psychologically scarred.’’
That's what happens when you read a Globe every day.
Commercial real estate agent Toni Shelzi of Belmont said the number of jobless Americans and congressional proposals to cut federal spending have made her increasingly worried about the direction of the nation.
She said she supports tax increases on the wealthy to lessen spending cuts “even if it means I have to pay more or someone I know has to pay more.’’
I resent the debate being framed that way; however, if true, why did the Democrat super-majority extend the Bush tax cuts? All this could have been avoided years ago.
Yeah, I AM SICK of the S*** POLITICAL FOOLEYS!
“You hear about all the strife - I wish there was more I could do,’’ she said.
What is stopping you from unloading the cash?
Cutting the national deficit ranked at the top of poll participants’ concerns; 80 percent said it was either “very’’ or “somewhat’’ important to helping the economic recovery.
End the empire! How many times do I have to type it.
More than one-third said deficit reduction should be achieved primarily through spending cuts, compared with just 13 percent who thought the budget should be balanced primarily by raising taxes. Another one-third thought the deficit should be reduced “equally with spending cuts and raising taxes.’’
Claudia Heller, a retired fourth-grade teacher who lives in Wayland, said she has grown increasingly disgusted with government leaders who won’t compromise to solve the nation’s problems. Many politicians have allowed the standard of living for the middle class to erode, she said, while protecting the interests of the wealthy.
We are ALL IN AGREEMENT there.
She cited the recent financial crisis as an example, blaming banks and ineffective policy-makers and regulators for offering mortgages to customers who couldn’t afford them....
That's where the Globe leaves the mortgage-backed securities fraud perpetrated by Wall Street that generated them profits and allowed fraudulent foreclosures and the seizing of homes. That's what has destroyed the world economy -- and not one person has even been arrested.
Hell, they were bailed out with taxpayer dollars and Washington is still working for them.
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