Reply #4: Of course that is their plan... [View All]

[justfred]

You see, during economic downturns the people who are hurt most are the working poor...those who are living hand-to-mouth or are leveraged to the hilt on their mortgage, etc.

You see, as unemployment goes up, people are more willing to work for less money and less benefits just to keep 'food on their families' (couldn't resist quoting Bush, there). In addition, if they cannot make their payments and are forced into bankruptcy, then those with the funds can pick up bargains on things such as real estate, purchasing it for pennies on the dollar in repossession action, then selling it to someone else at full price.

Do you think it is just a coincidence that Reagan, Bush41 and Bush43 had such lousy economies?

Remember...bad economy, lower personnel costs/bargains on investments....good economy, higher personnel costs/higher prices on investments.