US Financial crisis: is it recession or depression?

[LivePsy]

Australia: a 100 staff company closes and the union demands that the staff's jobs stay or get good payouts. An overseas car manufacturer closes and the government can't scrabble fast enough to give them money to stay operating.

Actual reality: You have no right to a job. Every job loss is an opportunity to reinvent yourself or better yet, do something so useful that people will pay you for it. And I'm talking about personal experience, not motivational paperback.

The US gov shouldn't bail out anyone. It has to hurt until it gets better. And put some laws in so that companies trade on product and services, not multiconglomerate buying and selling to make money. Its gambling, get some laws!

B