Saturday, March 14, 2009

culture blurb...it could happen here

from TheNation:

"You do not have to be a prize-winning economist to know a terrifying cascade of layoffs, closings and firings is a real possibility. Whether the odds are one in six or five or four, we could be looking at a 20 percent unemployment rate in ten months' time. The atmospherics are right for a typhoon of misery on a scale of that which Americans suffered in the early 1930s."