Many countries have already called their economy in a depression. Are we there yet? If not, it is just around the corner for america as more and more of the economy goes in to closure. The last vestiges of the economy is technology but that is also facing death. What good is technology that can't be sold, exported, or used? Government is in denial and is trying to spend their way out of this. But our economy is so intertwined in function that loss of one equals a multiple of losses.

Cheap illegal labor has ruined the hopes and dreams of americans and now we are in the process of being a federal government providing and caring for this cheap labor. Government is turning to socialism to try and recover the economy but that too is proving ineffective because government lacks ability to sustain socialism.

Business denied the american people of decent incomes and wages that gave us expendable incomes by converting all their efforts to cheaper and less costly workforce that has proven to be an economic disaster. As predicted when our immigration laws were enacted many generations ago to keep a strong economy in america.

Sorry but you have it backwards..The average U.S. auto worker was making more than any auto workers in the world.The greedy unions caused this not cheap labor.It was expensive labor and expensive union dues that brought these companies down. Besides the fact that Amercan cars are total junk, overpriced, gas hogs that should have been gone a long time ago. I haven't owned an Americancn car in 15 years regardless of GM going out of buisness or not.