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Old 10-10-2008, 01:03 PM
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MaTH716 MaTH716 is offline
Flemington
 
Join Date: Nov 2006
Location: Jersey
Posts: 11,438
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Everyone keeps saying things will turn around. But what is going to happen if the unemployment numbers keep going higher. Banks/financial institutions going out of buisness puts alot of people out of work. Then there is the trickle down effect. These are the people that buy houses/real estate. That affects everyone in the consturction industry, which affects machinery and so on. Not to mention who will be buying the cars or going on vacation? Even going out to dinner is a stretch at this point. These industries will be affected in a big way. Many people will lose their jobs. Plus, the job market is tough now, what is going to happen when all these people who thought they were going to retire still have to work? It is a very bad situation we are in now, to say the least.
More important is where is this tax revenue that funds so many things in this country going to come from/be made up? Many programs woud be affected severly.
I know everyone wants to try to look on the bright side. Sure there is probably money to be made in the very long term. But to me everything looks extremley bleak at the moment.
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