Today on noon Chrysler declares bankruptcy. This day was long in coming, but here we are. Put it simply, Obama has failed. The US is going down. In fact, our current economic crisis is now a severe recession, soon a deep depression.
I said that the complete collapse was not far away. Expect things to get worse as swine flu causes more people to stay home and not go to the local mall. I have already seen lots of stores that are moving out due to high rents and low sales. It is pretty much gonna take a miracle to prevent yet another ghost mall.
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