What happens if the bail out isn’t approved? America is being hit with the perfect storm..
-We’re no longer living on borrowed money (no more homes to cash out of)
– We have no industry here (no bottomline)
– Everyone lives on Credit Cards (so what happens when people lose their job and can’t pay credit card companies).
– Are credit card companies the next to need a bail out?
– What about govt. Who bails them out? Look at the state of Ca, look at the city of San Diego, look at everything. It’s all coming apart.
– what could turn the economy around, if anything? Is there anything? short term. and how ugly can it get?
