
Business Insider lists big companies scheduled to lay off tens of thousands of employees HERE! Bear in mind, when people get laid off, it affects the “support” businesses like auto repair, architects, lawyers, doctors, dentists, construction, gas stations, super markets etc. That number is approximately 16.5% (U.S. Government official statistics web site)! What do you think – with all the illegals, do you think we might end up with an unemployment rate over 20%?
That was what it was during the “Great Depression” of the 1930’s. And then, we can expect expanded welfare rolls and welfare, medicaid, medicare and all the “safety nets” are already overtaxed and under funded! Printing more money and creating more debt will only exacerbate the situation with higher prices and higher taxes!
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