Reply #2: Those of us on the malcontent left have been telling them that

[Warpy]

for years, that eventually they'd reach a tipping point where everyone became afraid that either their job would be offshored or enough of their customer base would lose jobs to offshoring that their business would suffer and that the 2/3 of the economy that is consumer driven would grind to a halt.

Unfortunately, magical thinking had taken over, the thinking that someone else would always be hiring and that traditionally low paid, dead end jobs would take up the slack and keep the consumer market thriving.

We knew that wouldn't happen. We knew that depressing wages by union busting, offshoring, and a transition to nothing much out there but McJobs would eventually depress the whole economy, and it has.

They kept it going a lot longer than I thought they could by offering such free and easy access to debt. Now people are not only insecure, they're insecure and drowning in debt.

Until and unless they do something at the bottom of this economy, it won't make any difference how strong the banks get. No one will be able to borrow and no one will be able to repay what they've already borrowed.

Economies work from the bottom up, not the top down. It's just time for us to relearn that lesson for another generation or two until the rich manage to buy themselves another Congress.