Viewpoint

Many people believe we are already in a deep recession and the government is covering up how severe it is.

CITIGROUP and Merril Lynch is set to reveal they have taken a $15 billion dollar loss to Wall Street this week. Other major banks may follow suit.

So what will happen if we are thrown into a major recession? Well, naturally chaos will occur. We can thank our government for making bad financial decisions that have escalated into a disaster.

Instead of taking proper care of the American people and protecting their jobs so many of them have been outsourced with the promise this move would help our economy.

The facts don’t substantiate the claim made by our leaders. In fact the results have been just the opposite. Our foreign trade is so one-sided the only ones benefitting are the other countries.

I believe when a country becomes dependent on other countries instead of using its own resources–all kinds of bad things can happen and do.

Lets look at the middle-east countries. They have become mega rich from supplying oil to other countries which in turn has allowed them to build up their war arsenals. And the NAFTA deal between the United States and China has been so one-sided it’s pitiful.

Not only are many of our jobs being outsourced–cheap laborers from Mexico are taking jobs right out from American laborers.

The real problem lies in the lobbying that has been going on to repay corporate America for their donations to political parties by allowing the influx of workers from Mexico to make the corporations richer due to the low wages and non-benefits they avoid paying American workers.

There’s an old saying: "the rich keep getting richer."

Well, I want to add my own saying: "and the greed keeps getting worse." These people will pay in the long run (when the time is right) for their greediness. But by then it will be too late.

And that’s the bottom line!