NOW COMES THE STATE AND LOCAL GOVERNMENT COLLAPSE WHICH WILL USHER IN THE NEXT LEG OF THIS GREAT DEPRESSION...
IT IS COMING EXACTLY AT THE MOMENT WHEN THE REPUBLICANS WILL "GRIDLOCK" WASHINGTON WITH THEIR TEA PARTY BULLSHIT...PREVENTING THE FEDERAL GOVERNMENT FROM DOING ANYTHING TO STOP THE PLUNGE...
BASICALLY FISCAL POLICY ...HAVING BAILED OUT WALL STREET...WILL NOT BE AVAILABLE FOR STATE AND LOCAL GOVERNMENTS...
STATE AND LOCAL GOVERNMENTS PROVIDE 'LIVING WAGE' JOBS...OFTEN THE ONLY ONES LEFT...IN THE AMERICAN ECONOMY...
THESE JOBS ARE SPREAD OVER ALL MARKETS AND PARTS OF THE US... THESE ARE THE WORKERS WHO SHOP AT WALMART...AND BUY THINGS IN LOCAL STORES...
WITH BIG BUSINESS ALREADY IN ASIA...THE LOSS OF PRIVATE SECTOR HIGH VALUE ADDED JOBS IS NEARLY COMPLETE IN THE US...
NOW WITH THE LOSS OF STATE AND LOCAL GOVERNMENT JOBS...THE COLLAPSE WILL BE COMPLETE...
THERE WILL BE A HUGE PLUNGE IN CONSUMER BUYING ONCE THE GOVERNMENT LAYOFFS KICK IN IN 2011...
EVEN AS THE TEABAGGERS RULE...AND RUSH RANTS...
ITS ALL DOWN HILL FROM HERE...AND YOU AIN'T SEEN NUTTIN...YET...!!
