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• Wednesday, April 2, 2008 03:10 PM

  Republicans Don't Believe the Great Depression Happened Either

  They still claim it was all "liberal propoganda"

  What Republicans don't get is that you cannot run a NATIONAL ECONOMY on low wage Wal-mart jobs and credit cards.

  They keep whining, "But unemployment is less than 5 percent!"

  Super!

  So we have an entire nation mowing lawns, sacking groceries and working at Wal-mart while living off their credit cards! And how long can we actually last doing that? Not very long and we're watching the crash happen in real time.

  The only reason the economy has remained strong for the last decade is because the MASSIVE flood of credit to poor Americans.

  Ordinarily when the populace goes broke consumer spending goes down.

  But what happened was that while wages fell everyone also got about $25,000 in credit cards. Everyone! 14 years old. Unemployed. Illegal alien. Didn't matter. Everyone got credit instead of actual wages. Credit (silently) supplemented low wages!

  Well, we're totally out of credit. It's gone. We've ALL maxed out our cards.

  Now we have massive debt and low wage jobs.

  We can't buy ANYTHING.

  And here are the Republicans not understanding what the concern is. NO MONEY equals NO PURCHASES equal NO DEMAND equals NO PRODUCTION equals MORE LAYOFFS.

  You can't run our national economy on minimum wage jobs supplemented with credit cards!

  —chris49068 Read chris49068's other letters
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