The 2007 recession created the housing crisis, historical levels of unemployment, and the stock-market crash on Wall Street. On Main Street, most people could not even relate to the financial complexities that caused the
Nor could they understand concepts like the Troubled Asset Recovery Program (TARP), or the National Economic Stabilization Act. What lower middle-class, hardworking person has ever to deal with the idea of 700 billion dollars? I don’t think I have ever
the words themselves more than a few times in my entire life! But even if we could not relate to such concepts, we could relate to not being able to pay our mortgage, or our car payment. For most people, losing a job usually has catastrophic effects upon their lives.