*The U.S. seems to be spiraling out of control in debt. The woes of America, as reported by Mainstreet.com, all began back in 2007. Yes! That is correct…pre-President Obama.
Bush left us in such a mess that back then experts started to fear a double-dip recession, which is defined as the economy recovering only to take a plunge again.
The report states that in the last weeks of 2008, the National Bureau of Economic Research revealed that…SURPRISE! The U.S. was in a recession.
This report you are about to read is quite disturbing. It is like reading the U.S. Economy 2010 for Dummies. (more…)