Friday, October 10, 2008

Costs Versus Income

This article appeared in the (Cleveland) Plain Dealer and was written by Alex Veiga for the Associated Press. The info speaks for itself, and this is much of what I've been saying all along in this blog for a couple of years. Until the non rich get income, don't expect the economy to improve much, if at all, and with the economy imploding, that seems to be a long way off. You can't give mortgages and other credit to folks, then cut their wages and benefits and expect things to just keep sailing along.

http://www.cleveland.com/plaindealer/stories/index.ssf?/base/iseco/1223541049300460.xml&coll=2

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