Oops. It's A Recession. Again? No, Yet.

For those whose homes are in foreclosure, things are about as bad as they can get. But for those with "money in the bank" or more accurately, invested, they may be thanking the homeowner who's loosing his home. Say what? Well, investments in such things a law offices that specialize in foreclosure work and banks, the money is flowing in, in fact it's flooding in. Is that a good thing? Should people with jobs be profiting from people without jobs? That's one of the hard facts about the free market system. That's why bankers love people who are about to loose their home to foreclosure. Thar's profit in them thar homes. Or to be more accurate, there's profit in that foreclosure. Now it's important for banks and all companies to make profits. After all, that's how they can afford to hire workers to clean their pools or mow their lawns or flip their burgers and ask if you want fries with that order. Where the problem comes in, is when people who used to earn a good comfortable living in manufacturing are now cleaning those pools and etc. Then companies earning huge profits, isn't such a great idea. In America's system, everyone is supposed to have a fair chance to "make it". But when the deck is stacked against you, our system doesn't work. People wonder how come we're in a recession. Well, when you trade good, high paying manufacturing jobs for low paying service industry jobs like America has done, who can afford to buy the products that used to be made here but are now made more cheaply elsewhere? There's two ways to make a buck. Sell one widget for a dollar more then you paid for it or sell ten widgets for ten cents more then you paid for them. either way you make the buck and the workers can afford to buy what you made. Send the factory overseas where you can sell it for two bucks more then you paid for it, is OK until nobody can afford to buy it at any price. That's a recession.