you'd wished.
unemployment is still on its way up.
Many small businesses are still going bankrupt. Banks are still unwilling to lend money for projects.
There's still a 30 billion dollar national debt to be paid off.
Also, this GM bankruptcy thingo, no one knows if GM will actually come out very successful, everyone is just optimistic and hopeful, the truth is, there is no guarantee that GM will emerge better than what it was. It all depends on whether consumers will suddenly ditch Japanese and European cars and suddenly all start buying American made cars. In simple terms: like hell they would.
GM will only break even assuming they can sell 10 million vehicle a year after from 2010. If they do not, they are no longer a viable business.
Citibank and Bank of America still have not passed stress test. American unemployment is still shockingly scary with many homeless middle class. Entire city of Reno and Las Vegas and many parts of California is literally a basket case with no hope.
Europe is far worse, they will not be out of recession till 2011-2012
Last edited by heads_down; 3rd Jun 2009 at 02:50.