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  • SC Senator: 'We Could Be Headed For Depression'

    09/30/2008 6:32:57 PM PDT · by rabscuttle385 · 63 replies · 1,564+ views
    GREENVILLE, S.C. -- Just back from Washington, D.C., South Carolina Sen. Lindsey Graham painted a very bleak picture of what he expects for the country if the bailout plan fails. Graham spoke in front of a foreclosed home on Avondale Drive in Greenville. He said if the plan doesn't pass soon, more banks will fold. Businesses will close and people will lose their jobs. As least twice he mentioned that the economy could be headed for a depression.