Rumor has it that Citibank is going to go bankrupt. They already laid off 52,000 workers. If that happens, the banks are going to become nationalized. Add that to a government run auto industry, because there's absolutely no way that they're going to let Detroit go under. It would mean hundreds of thousands of laid off workers.
It's a brave new world, people.
The local news is very grim. The MTA is looking at a billion dollar deficit. 2 subway lines are going to close and service is going to cut on all lines. They're going to cram more people into rush hour trains and raise fares.
Apt. 11d 
It’s all Clinton’s fault.
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That didn’t take long, and on this very blog.
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Doesn’t that comment actually blame Bush’s reaction to the recession? With the point being that government intervention in the previous economic slowdown may have contributed to the current one.
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I read it as saying that the Clinton-era dot-com bubble was at the root of everything.
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I blame Jon Corzine, myself: New Jersey is, like California – bankrupt.
http://globaleconomicanalysis.blogspot.com/2008/11/state-of-new-jersey-is-insolvent.html
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