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Since the warning is out that a major recession is coming, what consumers may need to know is a forecast of a “Worst Case Scenario” most likely to happen and relief and recovery measures to put in place amidst our present situation.
That is, our present case scenario is not the worst case scenario as a result of our political crises but appropriately how would a recession of the likes of the great depression impact the nation in terms of massive unemployment, closure of banks, bankruptcy of enterprises etc.
President Hoover may have lost the 1932 election to his successor President Roosevelt because of the ill-timed and ineffective relief and recovery initiatives to the American people during a great time of need in what we now know as The Great Depression...
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