Failure is made possible by liberty.
we're becoming greece
remember when obama promised to cut the deficit in half in 4 years?
remember when he patiently explained that his 862B dollar stimulus was necessary else unemployment would exceed 8%?
VIX fear gauge jumps to 14-month high - May. 20, 2010
Bank Risk Soars to Record, Default Swaps Overtake Lehman Crisis - Bloomberg.com
FT.com / Global Economy - Markets take fright at political moves
US home seizures reach record - BloombergUTV.com
Mortgage delinquencies drag on economic recovery - Yahoo! Finance
Half of U.S. Home Loan Modifications Default Again (Update1) - Bloomberg.com
Democrats Unlikely to Pass Spending Plan in Face of Deficits - BusinessWeek
US bankruptcies resume upward path in 1st quarter | Reuters
Commercial bankruptcies rose 52 percent in 2009
Small-business bankruptcies rise 81% in California - Los Angeles Times
Consumer, Celebrity Bankruptcies May Hit 1.4 Million (Update1) - Bloomberg.com
US faces one of biggest budget crunches in world – IMF – Telegraph Blogs
US faces same problems as Greece, says Bank of England – Telegraph Blogs
Investors Make It Official: Stock Correction Is Here - EconWatch - CBS News
Credit Risk Soars as Korea Tension, Euro Slump Spook Investors - Bloomberg.com
FT.com / China - Geithner softens his stance on China
Hu says China to hold firm on yuan policy
Senate permits gov't to borrow an additional $1.9T
9NEWS.com | Denver | Colorado's Online News Leader | Colorado Department of Labor borrowing millions to pay unemployment benefits
Jobless claims rise by largest amount in 3 months - Yahoo! News
April mass layoffs rise led by manufacturing | Reuters
Robert J. Samuelson - The welfare state's death spiral
Debt Aid Package for Europe Took Nudge From Washington - NYTimes.com
Fed official: Europe's crisis poses risks to US - Yahoo! Finance
FT.com / US / Economy & Fed - US state pensions becoming federal issue
Fed Restarts Currency Swaps as EU Debt Crisis Flares (Update3) - Bloomberg.com
U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's - IBD - Investors.com
My Way News - Fannie Mae seeks $8.4B in aid after 1Q loss
Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woes - Bloomberg.com
Broader U-6 Unemployment Rate Increases to 17.1% in April - Real Time Economics - WSJ
Last edited by The Prof; 05-25-10 at 07:30 PM.
5 minutes ago, bloomberg:
Moody?s Reiterates U.S. Spending Risks Credit Rating (Update1) - Bloomberg.com
moody's threatens our aaa rating
U.S. Enters Recovery as Stimulus Refutes Skeptics (Update2) - Bloomberg.com
Before you go paste a study that says the opposite I'll point out that I'm well aware that there are people who disagree. My point is that "only white house economists" is clearly wrong which makes you the liar.
One of you will end up here next!
that's NINE MONTHS ago
I AM DEPLORABLE.
NEVER CRIMINAL HILLARY (S-NY)
One of you will end up here next!
U.S. Economy: Home Sales, Durable Orders Point to Strength - BusinessWeek
The point is this: it's volatile when you're in a recovery. And we're in a recovery. That doesn't mean everything is perfect. It means it's getting slightly better a little bit at a time.
The early 2000s recession was only 8 months and relatively shallow the recovery took nearly four years. And let's not forget that jobs (as they are in every recession) are the last thing to return.
So why do you think that the recovery from this nearly 3-year-long recession should only take a month or two?
ask paul volcker