If you knew for certain that we were about to plunge into another massive economic downturn like we experienced during the “Great Recession”, how would you respond? The events of the second half of 2008 took almost everyone by surprise, and the vast majority of the population was completely unprepared for what happened next. Millions of Americans lost their jobs, and that meant that they were suddenly unable to pay their bills. Countless households got behind on their mortgages and rent payments, and we witnessed a dramatic spike in foreclosures and evictions. I wish that we would never have to see such suffering again, but unfortunately it is already starting to happen right in front of our eyes.
The Biden administration keeps insisting that the U.S. economy is in good condition, but if that is the case why are so many large companies now laying off workers?
On Wednesday, we learned that Snap Inc. will be laying off approximately 20 percent of their entire global workforce…