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So let's recap some of the economic woes yet to come....
So the government is bailing out investment, insurance and banking agencies and also giving a little to the auto industry.... that's billions that will be handed down to tax payers. Credit is nearly non-existent.
Billions are still being pumped into a phony balony war which will be handed down to tax payers.
The auto industry will shut down assembly lines which will result in millions losing jobs.
Those millions plus millions from other companies which depend on the auto industry will not only stop making money but will begun applying for unemployment.
The baby boomers have just started, in the second half of 2007, to apply for social security. The rate at which they claim will escalate exponentially in the coming years.
So to summarize... the worker generations following the baby boomers are way lower in population, have less jobs, higher unemployment, higher taxes, higher interest on less credit.
Anything I missed? Any of it positive?
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