The Looting Of America

Who's to blame for the economy?
It's not just a political question, it's an economic question as well. It is essential that this question be answered because without an answer we won't know what to do to fix it.

Remember 1999? The federal budget was balanced. The trade deficit was still manageable. The unemployment rate was low, as was the poverty rate. There were plenty of good paying jobs out there. Corporations were making record profits.

It was also the year that the economy was broken.

"Let's hope we are all wealthy and retired by the time this house of cards falters."
- email sent Dec. 15, 2006, from one rating agency to another