The difference between America’s economy through the fifties (perhaps even into the early 80's)and our's today is that we are a net importer; in other words our economy is based on consumption rather than manufacturing. When unemployment rates rise and the middle class loses its purchasing power, however, the result should come as not surprise. We've taken the consumer out of the consumer based economy.
Think about how many jobs banker of the year Kenneth D. Lewis could have created from an addition 4 billion dollar in assets when he acquired Merril Lynch. This is American Exceptionalism at its Machiavellian best! Kenneth D. Lewis doesn’t deserve an award; he deserves to be fired.
And since all the janitors probably got cut from the bottom line, whose gonna clean up all that pooh before another long, hot, humid New York summer amplifies the stench emenating from Wall Street. Certainly we don't expect classy guys like Ken Lewis to clean up their own pooh.
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Please limit profanity in your post to "PG-13" and don't be afraid to identify yourself; I won't censor transparency! I will f***ing bl**p profanity.