Bring Back the Bowery, Hobos

Never mind Harlem NY, bring back the Bowery of the hobos. This economic depression is actually going down faster than Herbert Hoover's depression. I hope Obama begins to notice. LaRouche has noted that "... there has been a chain-reaction collapse, of the physical economy of the world. The rate of depression in the United States, today, already far exceeds the rate of depression, under Herbert Hoover! And it's only begun." Already U.S. imports and exports are collapsing at a by year rate approaching 50-percent. This is also spreading panic in the export countries like China, Japan and South Korea.


During the Herbert Hoover depression, 1929 through March 1933, U.S. physical goods trade plunged altogether by about 80%; but imports never collapsed by 50%, nor exports by 42%, during a one-year period during the depression. The U.S. unemployment rate is also out of control and rapidly approaching Herbert Hoover rate. Remember this party did not really start until July 2007 with the first collapse of the Bear Stearn hedge funds.