Recent reports have been saying that the current economic crisis is coming to an end. I don’t know who figure out these reports, or even compiles them, but someone needs to get from behind a desk and walk outside to take a better look. I can give you an idea and this will not cost the government millions of dollars for this report. The economic crisis is anyting but over and it will be longer tp recover than anticipated. How i know this? This is coming from someone that works, or did work, in the real world. 

Take a look around. There are too many homes with ‘for sale’ signs in their yards, newspapers filled with homes going up for foreclosures, thrift stores and dollar stores (where everything IS a dollar) are packed, food banks are getting low and social services are running out of money. 

Even if the econmic crisis does end, there is going to be a hugh repercussion. The economy is based on the middle class, blue collar workers, the ones living from paycheck to paycheck.  The reason that the middle class is the ones that make the rich richer is because the middle class are the ones that is willing to take out loans for more than what they can afford, accept higher interest rates, frivolous spend and wiling to pay late fees than to lose something. The rich knows this and that is why the middle class is preyed upon. Scam artists knows that the middle class needs money and help with their credit and they prey upon them.

The middle class does adjust. When the economy does level out, do not expect anymore frivilous spending. Thift stores, dollar stores will continue to thrive. One thing will change. Banks will have less money. Those that will be able to secure a job will hold onto their money more than ever. The Economic Stimulus Packet that President Obama approved earlier this year was somewhat a backfire. Some of the corporations that the money was trying to keep afloat still failed and people still lost their jobs. If the money was used the same way that President Bush approved his Stimulus Packet would have been the better option. The reason why the Obama administraion would not allow the same packet is because the government did not like how we spent the money the first time.

In order for the economy to settle, the middle class must be protected. The rich class only bests themselves and berats those that are lower than themselves. When the dust settles, the middle class will still be there.