Atlantis Alumni

Friday, December 26, 2008

The Bad Economy

I took an informal poll of our dinner guests last night. The question was: "Will the economy worsen and will we fall into a depression?" The answers were mixed. I've read some reports suggesting that there is about a 50/50 chance that we will actually fall into another great depression before this is all over. This is not your garden variety recession. It's something more severe, a major economic readjustment. At least one guest, our friend Louise, agreed with me that the refusal of Republicans in Congress to bail out Detroit was all about breaking the UAW.


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