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Cost of the Crisis

  1. Petra Vlah profile image60
    Petra Vlahposted 4 years ago

    According to the report, entitled "Cost of the Crisis", the financial and economic crisis cost Americans $12.8 trillion.
    The report also highlights the current impact to the U.S. economy, including:
    •    23.1 million Americans, or 15% of the public, are out of work or unable to find full-time jobs using the broadest measure of unemployment, or U-6.
    •    9.3 million Americans have lost their health insurance.
    •    11 million homeowners, almost 1 in 4, are saddled with mortgages higher than the value of their homes.

    1. diogenes profile image81
      diogenesposted 4 years ago in reply to this

      Is there a question here?  Or should one merely say, "Ain't it awful!?"
      Bob

    2. forbcrin profile image68
      forbcrinposted 4 years ago in reply to this

      "9.3 millions"? What is the period covered by the report?

      I think that most of the people holding mortgages older the a couple of years are under water...

      1. Petra Vlah profile image60
        Petra Vlahposted 4 years ago in reply to this

        The report covers the period of the crisis after the collapse of LB in September of 2008 to date

  2. 0
    Arlene V. Pomaposted 4 years ago

    Yes!  Ain't is just AWFUL???  And who the hell cares?  To a retired person like me, "Any day ABOVE GROUND is a good day."  You wake up in the morning, and the day is yours.

    1. forbcrin profile image68
      forbcrinposted 4 years ago in reply to this

      I hope for your sake that you have enough money to last you, because the way things go, soon they will stop retirement payments for lack of funds...

  3. forbcrin profile image68
    forbcrinposted 4 years ago

    The 2008 collapse took thirty years in the making... So the cost is still going to run for a while. We are sailing on a huge oil tanker at high sea. In order to bring to a stand still such a mass of fluid and steel, one needs hours and a few miles...

    1. rrhistorian profile image59
      rrhistorianposted 4 years ago in reply to this

      yes, and it will take better leadership than we have today.

      1. Uninvited Writer profile image84
        Uninvited Writerposted 4 years ago in reply to this

        It will, you guys better replace all the Republicans in Congress that you can.

 
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