In my opinion, the root of the problem with the US economy is the extreme number of jobs being shipped out of the country. If you look at how many jobs have gone to Mexico and overseas in the last few years, you begin to wounder how people without jobs, or in constant fear of their jobs being shipped out of country, you can see why a growing number of people can no longer afford to make their mortgage payments or credit card payments.
But then, how can USA labor possibly compete against $1-$3 per hour wages for goods & services??? When big corporations like Walmart, etc. can buy "out of country" goods & services for 1/10 the price they would have to pay for USA made good and services, who can blame them?
The Gov. bailouts are giving Billions $$$ to Banks, with the intent taht Businesses will borrow money to keep their USA based businesses afloat. But the problem is that the Corporations who at one time were buying from these USA based businesses, are now buying their goods and services from other countries.
And we all know that no one wants to sell their home in a "Buyer's Market", and no one will buy a home if they are afraid of loosing their job!
Until the Government can come up with a solution to the "out sourcing of America", we may be in for a long depression ahead.
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