The worst administration ever and the chickens have come home to roost.  The terrible consequences are hitting regular Americans.  Because the Bush regime deregulated and had no regulation of the mortgage lending industry, hedge funds, and other greedy financial vehicles and institutions, the mortgage catastrophe occurred. 

Because the Bush regime supported and promoted offshoring American jobs, US manufacturing is in the toilet. 

Because of the Bush regime and its privatization of government, the US economy is in a recession and terribly damaged.

Who suffers? Not the Bush regime or the avaricious corporate cronies it protected but ordinary Americans.

As the NYTimes reports: "As automakers dropped their latest batch of awful sales numbers on the market on Tuesday, reinforcing the gloom spreading across the economy, the troubles confronting American workers seemed to intensify."

Big Three auto management put all their eggs in the SUV, pick up trucks basket, not in fuel efficient vehicles.  Have they been fired....no...they receive millions in salaries and benefits.

"Plummeting home prices have in recent months eliminated jobs for hundreds of thousands of people, from bankers and real estate agents to construction workers and furniture manufacturers. Tighter lending standards imposed by banks in the wake of huge mortgage losses have made it hard for many Americans to secure credit — the lifeblood of expansion in recent years — crimping the appetite of consumers, whose spending amounts to 70 percent of the economy."

Real estate appraisers, the real estate industry, mortgage lenders, investment institutions all colluded to create artificially increased values in the housing market so they could make out like bandits.

"Joblessness has accelerated, and employers have slashed working hours even for those on their payrolls, shrinking the size of paychecks just as workers need them the most.

Now, add to that unsavory mix the word from automakers that sales plunged in June — by 28 percent for Ford, 21 percent for Toyota and 18 percent for General Motors — a sharp sign that consumers are pulling back, making manufacturers more likely to cut production and impose more layoffs. Until recently, the weak labor market has been marked more by the reluctance of employers to create new jobs than by mass layoffs."

“ 'Slowing wage growth and falling employment is absolutely toxic if your business is selling anything to consumers,' said Ian Shepherdson, chief United States economist for High Frequency Economics."

Duh!  That's pretty obvious. What else is new?

"Recent indications lend credence to the view that the job market is in the grip of a sustained downturn. Three weeks in a row, new unemployment claims have exceeded 380,000, a level generally associated with recession. Construction spending fell in May. The University of Michigan Consumer Sentiment Survey, which tracks attitudes about business and personal finance, has dropped to a depth last seen in 1980.

"The slide in the labor market has become both symptom and cause of a weak economy, pulling many families into a downward spiral. Back when housing prices were still rising, Americans borrowed exuberantly against the value of their homes to finance renovations, vacations and shopping sprees. But that artery of finance has constricted considerably along with access to credit cards, forcing a reversion to the traditional limits of household finance. Millions of American families must now confine their spending to what they can bring home from work."

Real estate and mortgage lending institutions scammed American homeowners so fraudulently that their CEOs and upper level management should all be in the slammer.

"With job losses growing and working hours shrinking, many paychecks are eroding, prompting millions of families to cut their spending. Soaring prices for food and gasoline are overwhelming modest wage gains for most workers, leaving households with even less money to spend. All of which deprives struggling businesses of sales, prompting them to shed more workers, sending the cycle down another turn. Starbucks announced on Tuesday that it would close stores and eliminate up to 12,000 jobs, about 7 percent of its work force."

And impeachment is still off the table because Congress continues to kowtow to the Bush regime offering struggling homeowners nothing but ineffective band-aid pseudo solutions while simultaneously bailing out the Bushite corporate perpetrators of this economic debacle using regular taxpayers' hard earned money and this debtor nation's borrowed funds.