Maybe losing a decade won’t be all that bad.
A decade in which the national GDP never declined below the value it held on the day the government stepped in. A decade in which the maximum unemployment rate was 5.5%. A decade in which the government actually expanded its support of both business and individuals, a [...]
Each crisis convinced observers that it signaled the end of some new, dangerous feature of the economic landscape. But often that novelty accelerated in the years that followed.
Has the market finally bottomed out?
Get Your Stimzilla text here at this overwhelmed download site.
Magically turning risky debt into a valuable asset by slicing and repackaging questionable mortgages into default-swap bond instruments is not “manufacturing” anything but fraud.
By the time we get to the heart of what ails us, our sick health care system, it will be too late. GM would have another $22 billion to play with if we worked under the same rules in every other civilized country.
People just can’t handle too much turmoil in their lives, even when it saves them money. Just ask this nice lady I met at the gas station.
What truly made Obama’s election possible was a once-in-a-century economic crisis that was so severe that it created what some are calling “The Buffet Effect.”
Look folks, whatever the “experts” say, we’ve been in a recession for a year now, and we’ve got a year or two more of the same crap facing us.
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