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Cost of the Crisis

  1. Petra Vlah profile image60
    Petra Vlahposted 5 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.

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    1. diogenes profile image73
      diogenesposted 5 years agoin reply to this

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

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    2. forbcrin profile image61
      forbcrinposted 5 years agoin 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...

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      1. Petra Vlah profile image60
        Petra Vlahposted 5 years agoin reply to this

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

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  2. profile image0
    Arlene V. Pomaposted 5 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.

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    1. forbcrin profile image61
      forbcrinposted 5 years agoin 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...

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  3. forbcrin profile image61
    forbcrinposted 5 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...

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    1. rrhistorian profile image56
      rrhistorianposted 5 years agoin reply to this

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

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      1. Uninvited Writer profile image84
        Uninvited Writerposted 5 years agoin reply to this

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

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