Laid-off workers finding poorer-paying jobs

The worsest thing is that they have no choice, this crysis is getting on all parts of planet, can't wait for it's ending moment.

yes, Communism was so much better.

Everyone made $50 a month, and the system was soooo successful,

all countries were rushing to use it.

No proudly brought to you by a bunch of idiots who borrowed money they could never repay

And from the regulations of the government to "give access to housing to everyone" that made the market prices sky rocket.

Now, the next crisis is beginning in Europe: the Keynesian economics of debt to 'get out' of a crisis.

It will come here too, thanks to Harper, Charest (Quebec, where I live), and both GWB and Obama.

Oh and don't forget the FED who tried to 'boost' the economic expansion with very low interest rates in the beginning of the 2000s.

Blame it on poor regulation, not on capitalists. Canada got through with a similar economy.

Blame it on poor regulation, not on capitalists. Canada got through with a similar economy.

We're not "through" either. We still have way more unemployed than before the crash, and have more and more people having to settle for McJobs instead of real work. Just an ongoing trend, until we're back to feudal times - the aristocracy and the technoserfs.

Blame it on poor regulation, not on capitalists. Canada got through with a similar economy.

We're not "through" either. We still have way more unemployed than before the crash, and have more and more people having to settle for McJobs instead of real work. Just an ongoing trend, until we're back to feudal times - the aristocracy and the technoserfs.
Come on !

We just got out of the crisis and we are going to another one in a few months/years because of all the spending the governments made. It already began in Europe. That's not capitalism's fault at all. First crisis was created from poor regulations and the next one will be made from too much interventionism.

I've read a paper saying that it will at last bring a real capitalist society. What I think is that we are following Hayek's road to serfdom. We just miss the war.

You take a loan against a house for 300 grand, the house drops in value to 250 grand. If you fault on the loan you only loose the house, leaving you 50 grand ahead in the game.

This recession makes perfect fiscal sense. Except for the Bankers that gave the loans. For them it was poor folly.

Only odd thing is that those banks didn't collapse.