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Tag Archives: Economy
The Best Century in America Will Be the Last
U.S. Headed Toward Bankruptcy, Says Top Budget Committee RepublicanBy Terence P. Jeffrey / August 8, 2008 The ranking Republican on the House Budget Committee said the U.S. government is headed toward bankruptcy if it stays on its current fiscal course. … Continue reading
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‘The Fed’s Next Move is Down’
See “The Fed’s next move is down” by John Browne below. ‘The odds thus favor inflation to keep the party going’ By Roger Baker | The Rag Blog | August 8, 2008 This guy lays out the facts of the Hobbsian … Continue reading
Posted in Rag Bloggers
Tagged Economy, Federal Reserve, Inflation, Investments, Wall Street
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Overly Confident in Voting As the Path to Change
Economic pain spurs delusion, not rebellion. Credit: open source.Working poor unready to revolt: When economic pain does not motivate political rebellion, is all lost?By Joel Hirschhorn / Aug 7, 2008 Once upon a time when governments no longer served most … Continue reading
Robert Reich : The Heart of the Economic mess.
Former labor secretary Robert B. Reich.Most Americans can no longer maintain their standard of living. And the core problem isn’t the housing crisis or rising oil and food prices.By Robert B. Reich / August 4, 2008. The Federal Reserve Board’s … Continue reading
Posted in RagBlog
Tagged American Society, Cost of Living, Economic Collapse, Economy, Middle Class
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Turning the American Dream Into Cold Cash
Jennifer Marcoe holds the opal ring she received on her first Mother’s Day. The ring is one of the treasures the family has had to pawn in order to make ends meet after husband Richard was laid off. The family … Continue reading
American Bridge Is Falling Down ….
The Year of Driving Dangerously: A construction expert blasts America’s lack of infrastructure action one year after the I-35W Bridge collapseBy Barry LePatner / July 31, 2008 Nervous that so little progress has been made since last summer’s tragic Minneapolis … Continue reading
Fannie, Freddie Rescue Won’t be Cheap
See A government takeover would cost taxpayers, by Chris Isidore, below. The big lie: Do the math!By Roger Baker / The Rag Blog / July 30, 2008 At least the media is challenging the government lies that are so ridiculous … Continue reading
Posted in Rag Bloggers
Tagged Corporate Welfare, Economic Collapse, Economy, Finance, Investments
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Sucking Up to the Bankers : A Bipartisan Lovefest
“The Bankers” by Art Young.They’re the ones who got us into this messBy Robert Scheer / July 30, 2008 This is a time to condemn the bankers, not to embrace them. They are the scoundrels who got us into the … Continue reading
Posted in RagBlog
Tagged Banking, Democratic Party, Depression, Economy, Investments, Presidential Campaign, Republican Party
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Response to Hard Times : The Suicide Solution
Two hours before her home was to be auctioned off, Carlene Balderrama killed herself with her husband’s rifleBy Barbara Ehrenreich / July 28, 2008 A few days before Congress passed its Housing Bill, Carlene Balderrama of Taunton MA found her … Continue reading
Everything Is Always Hunky-Dory
Thar She Blows: The Last Hurrah for the Banking SystemBy Mike Whitney / July 28, 2008 The Bush administration will be mailing out another batch of “stimulus” checks in the very near future. There’s no way around it. The Fed … Continue reading
Will Survivalists Get the Last Laugh?
With multiple crises on the horizon, survivalist views don’t seem as marginal as they did before.By Scott Thill / July 26, 2008. They used to be paranoid preparation nuts who built bomb shelters for a place to duck and cover … Continue reading
BushCo : Remember Them When You Lose Your Home
Full Court Press: Charles Kaiser on the Bush administration’s role in the subprime mortgage crisisBy Charles Kaiser / July 25, 2008 One of the most ignored aspects of the subprime mortgage catastrophe is the extremely active role the Bush administration … Continue reading
