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Monday, April 14, 2008

Credit Fiasco Broadens

As the sub prime mortgage decimation and world recession (or as some have called it - depression) implode, there are many aspects of the economy and society in general that are affected.

The clip goes through how private student loans are drying up and how federal loans are completely inadequate.

As Americans get poorer, we will also be getting less educated. Now exactly how valuable will that be.

The Bush administration just keeps on giving.

2 comments:

Glynn Kalara said...

Creating poverty is their specialty. It goes along with their ideas on women liberation ( AKA the bare foot and preggo project.) Lots of poor people keeps the cost of maid sevice and lawn care down. You know how hard it is too get good help these days .

Jim Sande said...

Well its give and take - you can't give all the wealth to a few fortunate ones without taking it away from somebody. Bush should have run on that slogan, "I'm a taker not a giver."