Where Are We BEFORE 9.09
The FDIC is basically out of money
1 out of 8 residential mortgages are in default
Trucking revenues shrinking as less and less shipped
Obama is spending over $2 Trillion he doesn't have
We just witnessed the LARGEST bank failure of the year
Tens of millions of Americans are unemployed or suffering MASSIVE wage losses
Bankruptcies are exploding
Municipalities are witnesses evaporation of tax revenues
Many hospitals are laying off workers
School Districts are running out of funds
Private Businesses are shutting down across America
Commercial Vacancies are skyrocketing
Commercial Real Estate Values are crashing at unprecedented rates
Imports and exports are evaporating
Retail sales are contracting
And we havn't even hit 9.09 yet......
Can you imagine what will happen when Obama has to tell the nation we have to be responsible for our spending and really make some serious cuts?
Could we see millions in food lines if Obama stops borrowing...or will we see something else first?