Reader comments: It's starting to feel a bit like ... 1929
4 comments | Read story
Bob G | 7:10 a.m. July 24, 2008
This is very true, our economy today is very reflective of 1929 with every one living off debt and hoping for investments to bail them out to retire on. The economy has crashed and retirement funds are lost, just as in 1929. The only difference is we have the government funding Wall Street now on borrowed money to keep the jumpers indoors. However the rest of the economy (consumers) is in default and excessively in debt and the government not helping consumers. Well, consumers can only handle so much debt. What is going to happen when existing credit card debt goes into default and consumers unable to pay that debt? More government bail outs for banking and credit card companies? Government needs to worry about the consumers, the real backbone of the economy. Consumers are in a state of depression with inflation out of control and the dollar value dropping through the floor. Free Enterprise does not mean government funding while its citizens are forgotten and dismissed to the indentured servitude that has been created by Wall Street. Governments job is to regulate, not give financial rewards for open corruption and fraud that consumers would go to jail for.
nv | 10:05 a.m. July 24, 2008
Paranoia, frankly.
Jordan | 2:39 p.m. July 24, 2008
I like this woman's story! It makes me grateful for what I have. Yes, times are tough -- but not as bad as 1929, thank goodness. Let's hope that we never have to experience 11 years of joblessness, foreclosures, no food, etc.
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Howard Bannister | 7:51 a.m. July 31, 2008
I don't think that there were a lot of affordable retirement homes available in 1929. I know there was no such thing as a free lunch of stuffed green peppers. The article itself implies eating a piece of bread for lunch and liking it.
Cut the drama. I don't know why the news constantly has to make a bigger issue out of things. Just report the facts.
Cut the drama. I don't know why the news constantly has to make a bigger issue out of things. Just report the facts.
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