The news from throughout the country has been discouraging. Unemployment hit 9.5%, while real unemployment hovers around 16.5%. Over two million jobs have been lost since Mr. Obama took office. Foreclosures are rising, while economists expect 1.5 million people to file bankruptcy this year. Many states are facing severe...
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First, let me apologize for my long absence from the site. However, I believe that it was extremely worthwhile. Taking a mini-tour of the country allowed me to gauge opinions on our current reaction from a wide variety of Americans. Everywhere I went, people greeted my inquiries with a sense of muted optimism. Of course times...
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We at Surviving The Recession encourage you to keep our past, current, and future veterans in your thoughts and prayers.
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Mr. Obama is determined to address the nation’s health care crisis, despite the terrible economic conditions and an already ambitious agenda that is meeting resistance from politicians in his own party. The statistics are dire: 45 million Americans have no health care insurance, those who are insured must compete with...
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Chrysler and General Motors will close approximately 3,400 dealerships by the beginning of next year. This represents 187,000 people that will be unemployed when all the announced closings are finished. These numbers are huge. Over 25% of Chrysler’s dealerships will be eliminated, while GM will eliminate over 40% of its...
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For the last few years, our economy was so awash in cheap credit that conspicuous consumption became the norm. Many economists and social critics were predicting the end of conspicuous consumption because of the new socioeconomic realities brought on by the current recession. Certainly, the evaporation of over $7 trillion...
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