George Soros declared that there is no bottom for the world financial collapse.  He equates what is happening in the U.S. and elsewhere to the collapse of the former Soviet Union.  For this, he earns an honorary America Doomed shout out.

This is exactly what America Doomed has been saying.  This crisis is severe, very severe, and worse than the Great Depression.  Unless the U.S. abandons the bankrupt notions of capitalism and Republican nonsense, there is no saving America.    The Government needs to embrace democratic socialism.  There is no other choice.  Citizens of the U.S. have to be provided food, housing, transportation, and health care while the government figures out how to provide all able-body citizens jobs and a living wage.  There is no other choice and the pain is going to continue and get much worse until President Obama and Congress recognize this fact; however, they still do not.

America is doomed.