Al-USA

From Bailout to Wipeout

The consumer has always been hit... That's what capitalism is all about: shift the costs/risks onto the "working stiff" as much as possible and maximize profits.

In the past, the average joe dealt with it by first putting his woman to work, then more recently by massive amounts of personal credit (credit cards, home refinances etc.) and in the more extreme cases, perhaps taking on a second job to make ends meet. What else is there to do for the "average joe"? Put the little ones to work like third world countries and become a banana republic? I say that "tongue in cheek" of course, but it seems to me this Bear market is a most unusual "beast".