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.
Is there a question here? Or should one merely say, "Ain't it awful!?"
Bob
"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...
The report covers the period of the crisis after the collapse of LB in September of 2008 to date
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.
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...
yes, and it will take better leadership than we have today.
It will, you guys better replace all the Republicans in Congress that you can.
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