-> On 28 Apr 09  10:48:00, Bob Klahn got back to All 
-> Re: Recession/Depression

 BK> There comes a point, and it may be soon, where that debt load
 BK> starts forcing farmers out of business, far more so than in
 BK> normal times. As some go out of business we can expect to see

Small farmers are an endangered species.  

 BK> This extends further to individuals, who typically do carry
 BK> debt. A great many cannot survive long without a job. a few
 BK> months and they will be going under. Even without losing a job,
 BK> a cut back in hours, or even an increase in employee insurance
 BK> payments, can have some of that effect.

That's why new, real jobs have to be created.  That money for pandemic 
ewsponse would have done something in that regard. 

 BK> This country is facing a problem with bad debt now. I see it
 BK> getting much worse.

Remember W's response after 9/11?  "Shop to you drop".  

 BK> GM is shutting down for 9 weeks.

Some plants as much as 15 wks.  

 BK> So, my prediction is, if the stimulus doesn't start working
 BK> fairly soon, we are likely to find ourselves in a real honest to
 BK> badness depression.

 BK> And believe this, that scares the hell out of me.

The good, thing is that the slide has slowed and, maybe, leveled off.  



... Here:  Have a jelly baby.
--- OMX/Blue Wave/DOS v2.30