Comments on: Latest Stats Confirm Battered Economy

Reports Show Recessionary Unemployment, Declining Spending And Decreased Production

[ramos937]

I am a small business owner so I hope I speak with some credibility.

I have been reading up on the economic crisis and here are my two cents: (1) the government is way too over involved. Chapter 11, although no one wants to be there, is one very good way to start over. The problem is that way too many firms do not want to subject themselves to its strict conditions. (2) there are no effective oversight controls over what has been done the the monies supplied the private sector. Part of these funds have been used for dividends, part has been used for expansion and other unintended uses. (3) There is no effective oversight because the folks doing the oversight have been given very few resources to do the job.

Bottom line - We are making a bad economic crisis worse by thowing money at it to the exclusion of other non money cures.

[libsh8theusa]

here is one for every American to check out..

http://www.youtube.com/watch?v=O_TjBNjc9Bo&feature=related

Both parties need to be concerned about this.. and not just one party is to blame.. Those who say different are part of the problem and not part of the solution.. ALL PARTIES NEED TO WORK TOGETHER TO FIX THIS.. AND AMERICANS NEED TO START BUYING MORE AMERICAN MADE PRODUCTS...