One of the big ironies of 2008 is that the recession, largely created by GOP economic policies and an incompetent Bush administration, has created an opportunity for a GOP-dominated Ponzi scheme: Amway Global. In the past few months, Alticor, Amway's parent company has devoted millions to television commercials, newspaper ads, and market research. People who lost their jobs or who fear unemployment are undoubtedly attracted to Amway's slick ads. I think this is a tragedy. The overwhelming majority of people who join will be worse off financially. Amway Global is not as big of a Ponzi scheme as Bernard Madoff's $50 billion Ponzi scheme but it is in the billions.
May 2009 marks Amway's 50th anniversary. Let's hope that the comeback attempt is unsuccessful.
UPDATE: Here's an Associated Press story on Amway's attempt at a comeback.