Thorne Webb Dreyer, Editor
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Tag Archives: Economic Crisis
Sherman DeBrosse : Big Three Bailout a Must
UAW workers picket GMC plant. Photo by Spencer Platt / Getty Images.An auto bridge loan is essential to reduce the pain of recession.By Sherman DeBrosse / The Rag Blog / December 10, 2008 The U.S. economy is so fragile that … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Automobile Industry, Congressional Bailout, Economic Crisis, Economy, Labor Unions, Recession
1 Comment
Roger Baker : Getting a Read on this Economy Business
‘We can now observe that the creation of unlimited credit by unregulated investment banks, together with peak/near peak oil causing a steep oil price rise, is together enough to trigger a panicky deflationary spiral that has its own complex dynamics.’ … Continue reading
Posted in Rag Bloggers
Tagged China, Economic Collapse, Economic Crisis, Financial Crisis, Fossil Fuels, Peak Oil, Recession, World Economy
2 Comments
Here’s a Plan : Nationalize General Motors
‘The United States government should buy 51% of the GM stock and put a green Board of Directors in place.’By Terry J. DuBose / The Rag Blog / December 8, 2008 See ‘Here’s a plan: Buy GM’ and ‘Nationalize GM’ … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Automobile Industry, Economic Crisis, General Motors, Nationalization, Socialism
5 Comments
Recession: Delusional Politics meets Lewis Carroll
‘”It’s a poor sort of memory that only works backwards,” the Queen remarked.’By Larry Ray / The Rag Blog / December 4, 2008 “The rule is jam tomorrow and jam yesterday – but never jam today!” Young Alice Bernanke stared … Continue reading
Posted in Rag Bloggers
Tagged Economic Crisis, Economy, Lewis Carroll, Political Satire, Recession
3 Comments
Beyond the Bailout State : Empire of Depression
‘What kind of new administration could actually get beyond Roosevelt’s era as well as our own staggering disaster, leaving “the bailout state” behind us?’By Tom Engelhardt / December 1, 2008 See ‘Roosevelt’s Brain Trust vs Obama’s Brainiacs’ by Steve Fraser, … Continue reading
Michael Moore : Saving the Big 3 for You and Me
‘Congress must save the industrial infrastructure that these companies control and the jobs they create. And it must save the world from the internal combustion engine.’By Michael Moore / December 3, 2008 I drive an American car. It’s a Chrysler. … Continue reading
Posted in RagBlog
Tagged Automobile Bailout, Automobile Industry, Detroit, Economic Crisis, Economic Recovery, Michael Moore, Transportation
1 Comment
Foreclosure Chronicles : The Desperate Hours of Addie Polk
1918: Bathing suit parade, the year Addie Polk was born.1919: Race Riots in Chicago. 2008: Fannie Mae foreclosed on the home of Addie Polk; Annie Mae Polk put a gun to her chest.‘In 1970, Robert and Addie Polk bought a … Continue reading
Posted in RagBlog
Tagged African-American, American History, Bankruptcy, Capitalism, Economic Crisis, Foreclosures, Housing Crisis
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Cauldron Bubble : Witch’s Mix of Socialism and Capitalism
‘Our goal is to grow the commons and regulate capitalism, not abolish it.’By David P. Hamilton / The Rag Blog / November 25, 2008 From Friedman to Fidel, all agree. No one seriously argues against some form of mixed economy, … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Capitalism, Economic Crisis, Economics, General Motors, Obama Presidency, Socialism
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Mike Davis : Note to Obama: ‘Futurama’ Has to Wait Its Turn
‘We are now at a crash site, and our priority should be to save the victims, not change the tires or repair the fender, much less build a new car.’By Mike Davis / November 21, 2008 America’s “Futurama” is defunct. … Continue reading
Posted in RagBlog
Tagged Economic Crisis, Future, Mike Davis, Obama Presidency, Progressive Movement, Public Works, Social Programs
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Financial Crime Scene: Fingering the Perps
This is a very well-written and provocative article by a longtime Treasury Department analyst. It was originally delivered as a speech on Nov. 15, 2008, the first day of the G20 economic summit, at George Mason University in Fairfax, Virginia. … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Bush Administration, Economic Crisis, Economic Democracy, Economy, Federal Reserve, World Economy
1 Comment
Roberts: The US Is a Bankrupt Superpower
Crisis Is Beyond The Reach of Traditional SolutionsBy Paul Craig Roberts / November 13, 2008 By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “mini-depression,” and that designation might … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Debt, Economic Crisis, U.S. Government
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