World-News

By David Michael Green

Our economy is in shambles, though the president insists that the 'fundamentals' are just fine, and McCain's former chief economic advisor, Phil Gramm, told Americans that there was no real recession going on and they should just stop whining about it.

https://www.informationclearinghouse.info/article20605.htm



The Great Consumer Crash of 2009

By James Quinn

For the last seven years the American consumer has carried the weight of the world on its shoulders. This has been a heavy burden, but when you take steroids it doesn't seem so heavy. The steroid of choice for the American consumer has been debt. We have utilized home equity loans, cash out refinancing, credit card debt, and auto loans to live above our means. It has been a fun ride, but the ride is over. We can't get steroids from our dealer (banks) anymore.

https://www.informationclearinghouse.info/article20601.htm



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