I don't always agree with him but think that he makes some valid points. The ripple effect of a collapse would just add to the current problems so Congress needs to get creative about this. Do we push Detroit to build infrastructure? Maybe not a bad idea. Do we force them to build environmentally friendly cars regardless of what their co-dependent Congressman Dingell wants? Of course. Do they need to clean house in the management ranks? Without a doubt. Management and the GOP won't be happy until the executive team is rewarded for failure and the unions are cut to the bone without benefits and with slightly above minimum wage. It's an interesting theory but then who is going to be able to buy anything when there's no more middle class? Take a trip to the Third World and see how such economic policy works in real life.
Now Even Renters Are Losing Their Homes Over Mortgage Foreclosures
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This is really sad. This is going to hit even harder in big cities, where so
many of the poor live in multi-unit buildings:
NEW YORK -- A new wave of for...
8 minutes ago







