news lead

Lately throughout America there is an economic recession, people are being laid off and being forced to find money any place they can. People who should have already retired are having their retirement money stripped away from the stock market and 401k's, 70 year olds and older are now having to work at places like walmart. This is mostly because of people buying houses they cant ever afford, Bush Jr. approved a bill to make real estate companies legally sell you a home you will eventually have to give up to forclosure. Also another reason is people are scared, scared to spend money to get it flowing back into circulation. Scared and pulling all of there investments in companies and stock out because the interest rates are down for a day or two. But what happens when everyone pulls their money out? The interest rates go plummeting even further into the abyss. When you take all your money back when the interest is low on stocks, you will abviously get less money, so why even do that? You might as well wait until the interest rates go up (like they allways do). If everyone didnt pull out so early, i bet that 401k's would be worth more. Consequently because of this ressesion, revenue in business is down and businesses are trying to meet the minimal requirement of the amount of people in their stores. This makes it extremely difficult to find a job, even at a fast food place.