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Agence France-Presse, October 18th
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Los Angeles Times, October 18th, Tom Petruno
Lets put our white coats and see how economy is.
really
First,
lets see the symptoms
" Since January 2008, owners of stocks in U.S. Corporations have suffered about $8 trillion in losses "
Which would cause anybody a major headache!
Source : En.wikipedia.org/wiki/subprime_mortgage_crisis
" The year 2008 as of September 17 has seen 81 public corporations file for bankruptcy in the US "
Already higher than the 78 in 2007!
Source : Formaementis.wordpress.com/2008/09/26/economic-crisis
Our system!
International corporate executives and traders made about $100 Billion of income while losing more than
$1 000 Billion.
$700 billion
Is, ironically, almost the same as the Department of Health and Human services budget for 2009 ($736 Billion)
What about the 159 000 people who lost their job in September?
http://en.wikipedia.org/wiki/Image:Homeless_-_American_Flag.jpg
Unemployment rate in the United States is at 6.1, highest level since September 2003
What about the families and people who cant afford food prices raise?
Is someone talking about THEIR health, their lifeblood and their pain?
Who will pay the families who lost money because of hungry traders and business executives ?
Yes, we can.