The Crisis That Could Bring Down Obama
The Year of Cockeyed Optimism
"The foundations of our economy are strong"
By Mike Whitney
Consumer spending is down, housing is in a shambles, and industrial output dropped at an annual rate of 20 percent, the largest quarterly decrease since VE Day. The systemwide contraction continues unabated with with no sign of letting up.
https://informationclearinghouse.info/article22435.htm
The Crisis That Could Bring Down Obama
By Ruth Conniff
The President, understandably, points to signs of hope and encourages Americans to be optimistic about the economy. But when do we move from healthy confidence to a confidence game?
https://informationclearinghouse.info/article22439.htm
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The bailout is a fraud that could bring down Obama
AlterNet
by Ruth Conniff
04/23/09
Goldman Sachs reports better-than-expected profits this quarter. Wells Fargo cleared record profits last week. The President, understandably, points to signs of hope and encourages Americans to be optimistic about the economy. But when do we move from healthy confidence to a confidence game? The banks are reporting profits thanks to massive infusions of taxpayer bailout funds. It’s simply silly to be lulled by cheery-sounding reports when the institutions are actually insolvent. At some point we have to take a clear-eyed look at the massive failure of our financial system. Ignoring it won’t make it go away...
https://tinyurl.com/dbwrd3
Informant: Thomas L. Knapp
https://freepage.twoday.net/search?q=economic+crisis
https://freepage.twoday.net/search?q=financial+system
https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=bailout
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=Goldman+Sachs
https://freepage.twoday.net/search?q=Wells+Fargo
https://freepage.twoday.net/search?q=consumer+spending
https://freepage.twoday.net/search?q=housing
https://freepage.twoday.net/search?q=Ruth+Conniff
https://freepage.twoday.net/search?q=Mike+Whitney
"The foundations of our economy are strong"
By Mike Whitney
Consumer spending is down, housing is in a shambles, and industrial output dropped at an annual rate of 20 percent, the largest quarterly decrease since VE Day. The systemwide contraction continues unabated with with no sign of letting up.
https://informationclearinghouse.info/article22435.htm
The Crisis That Could Bring Down Obama
By Ruth Conniff
The President, understandably, points to signs of hope and encourages Americans to be optimistic about the economy. But when do we move from healthy confidence to a confidence game?
https://informationclearinghouse.info/article22439.htm
--------
The bailout is a fraud that could bring down Obama
AlterNet
by Ruth Conniff
04/23/09
Goldman Sachs reports better-than-expected profits this quarter. Wells Fargo cleared record profits last week. The President, understandably, points to signs of hope and encourages Americans to be optimistic about the economy. But when do we move from healthy confidence to a confidence game? The banks are reporting profits thanks to massive infusions of taxpayer bailout funds. It’s simply silly to be lulled by cheery-sounding reports when the institutions are actually insolvent. At some point we have to take a clear-eyed look at the massive failure of our financial system. Ignoring it won’t make it go away...
https://tinyurl.com/dbwrd3
Informant: Thomas L. Knapp
https://freepage.twoday.net/search?q=economic+crisis
https://freepage.twoday.net/search?q=financial+system
https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=bailout
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=Goldman+Sachs
https://freepage.twoday.net/search?q=Wells+Fargo
https://freepage.twoday.net/search?q=consumer+spending
https://freepage.twoday.net/search?q=housing
https://freepage.twoday.net/search?q=Ruth+Conniff
https://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 16. Apr, 22:43
