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February 13, 2012

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Awall

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Sept. 20, 2008

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Posted on: McCain-Palin out of touch with middle class

The finacial crisis has barely touched the average Americans that inhabit main street, but that will soon change.

Millions of people will lose their jobs in the months ahead. When the stock market crashed in 1929, unemployment was not a big problem. In that financial crisis, as in the current one, Americans were fearful of what lay ahead but their pocketbooks had not yet taken a big hit. The fears of main street Americans were realized, however, in the years ahead (1929-1934).

We will see something less severe, but similar, during the next 18-24 months. It's unfortunate for Obama that the election will be held Nov. 4, instead of six months later. If the election was May 4, 2009, he would win in a landslide.

(Suggest removal) 9/20/08 at 11:12 p.m.

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