Was reading the other night on how through government policies ( some intended / some not ) that the country had switched from a manufacturing economy to a service one much faster than thought. Worked with the changes in money as to banks, Fanny & Freddy driving the housing boom until now.

As the economy is service based ( financial biggest ), large corporations shed jobs and duplication like rain, and housing drove the new economy, this thing we have now is a very different animal than in the past. Wall Street will recover much before everything else also and that seems the case. I go with DV as the 60k this crash cost my IRA sorta sucked. One forecast I read projected a recovery but minus the job creation. Hell they are saying 5 to 7 years to get down to 7% unemployment.

Both D & R's bought in to this global economy thing and from my seat it looks like it was a big mistake to let go of manufacturing for cheap products. My IRA is feeling better now with the Wall Street come back but my nephew thinks it sucks as he is still out of work. Kinda glass half full / half empty, depends on which side the fence you look from.