Saturday, August 22, 2009

(Blog 1221-1216) Nothing has changed since December 2008 to alleviate the People’s socioeconomic hardship. The FDIC has spent about $40 billion of the People’s hard earned tax dollars on insolvent banks. Financial companies are still given senior management 10s of millions of dollars in bonuses. Home foreclosures and businesses bankruptcies have not ceased. There are still over 20 million people without jobs. The people, including the rich, have experience a drastic reduction in their monthly disposable income. Foreigners have slowed the rate at which they purchase US Treasuries. The Nation’s national debt keeps increasing and there is no end in site. The solution: “Implement the 13 PEOs in my book “2008 When Wealth and Dreams Disappeared, Solutions to America’s Economic Problems.

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Michael Kruse