You can see them sprouting up all over like toadstools, these FOR SALE and FOR RENT signs. What happened? Take a look at this graph and you can easily determine there was a fantasy land growth Housing Bubble of real estate 'value' from about 2000- 2006, otherwise known as The Bush Era minus the last 2 years. The triumphalism is now gone. Bulletin From the Hindenburg- A Housing Crash Update 7551
Tag: economic depression
$7.76 trillion
This just in from Bloomberg News- $7.76 trillion in guarantees (from the US government) For more about Bloomberg see wikipedia Bloomberg L.P. You heard it from the horse's mouth and the horse is worried. Will the US Treasury itself collapse under all this give away?
Businessmen gone WILD!
Worldwide the business community has gone wild as they try to resurrect the declining capitalist world economy by simply throwing trillions of government dollars at themselves to 'stimulate' the return of their profit making. EU, China, US unleash global assault on crisis 5622
The US depression torpedoes the US medically sick ‘Health Care’ System
Today, Wall Street broke 8,000 going the wrong way... DOWN. Tomorrow will it be 7,500 on the road to national bankruptcy? Who knows. But one thing is for sure, the already sick US Medical System is going down alongside the US stock market and companies like Fannie Mae and General Motors. Report: Economy is sickening US hospitals. Data shows decline in admissions and increase in patients who can’t pay. Don't get sick! 5563
Alan is shocked!!!!!
Alan Greenspan represents more than any individual anywhere, the bipartisan fact that there is no real difference between the 2 chosen parties of our corporate dictatorship here in America. Let's fact, it... Greenspan has been the darling of both the Democratic and Republican Parties for a very long time now. He's The Man! 5228
Spending money you don’t have to pay for the debts
U.S. budget deficit swells to record $455 billion Need a Trillion $$$ for the troubled Big Guys? How about spending almost half a Trillion $$$ this year you don't have in hand, and then do the same in 2009!!!? Let's see now???... 1/2 Trillion $$$ PLUS 1/2 Trillion $$$ equals???? Yeah, that's right! It equals an Economic Bailout Plan! These guys are geniuses! 5138
Stock markets shoot up as European give aways to super rich go online
The European countries more than matched the US government give aways to the super rich and as a result, the markets everywhere are celebrating this Grand Theft Robbery today. Wall Street soars 11 percent on bank rescue and Morgan deal 5110
Troopergate Verdict and Depression sink McCain down to his knees
Obama has covered himself by being even more aggressive towards Iran than the Bush-McCain Klan are. That is meant to deflect the October Surprise if Bush and Israel decide to attack Iran before the US presidential election. Meanwhile, Troopergate and the Economic Crash have put a stake into the heart of The Old Vampire, John McCain. 5086
Republican rout is now in the making- The Republican Swan Song by Conjunto God is Dead
Obama is way out in the lead and pulling away from McCain fast! See RealClearPolitics for summary of multiple polls that show this. Saying this in no way implies that the Republicans will be routed out of the Deep South and Sunbelt/ Farm belt rural areas of the country. 5078
Time to use the word DEPRESSION again
One of the most ridiculous of the utterly false and phony positive thinking talking points used by the US's Right Wing corporate daily press and the talking heads of their TV stations is their constant babble about whether we have entered into a 'recession' or not? The correct word to be used is depression, it 's an ECONOMIC DEPRESSION we have been entered into worldwide, and there is nothing left to debate about it either. It's here. End of discussion. Go take a hike, Clowns@! 5069
The crash continues as American people go into shock
Last week we saw most of America go into shock as the stark reality of the US not having a real opposition party became evident. The Democratic Party actually led the rush to pass Bush's $700 billion giveaway to the rich Bill into law, and it was actually the Republican party that posed the minor stumbling block to getting it done. The American people were almost completely left on the sidelines as a result of simply never having constructed a major opposition party to the Two Party Big Business dictatorship that US is run under. 5020
Liberals cry out for ‘Regulation!’
Democratic party-tied websites are spouting much the same analysis of the current economic crisis, which is simply that in their point of view, capitalism is great, it just needs 'regulation.' Give us a break, People! 4838
WaMu shares fall from $39 to $2 in one year
The Domino Theory at work! Next to fall- Washington Mutual. Nothing related to Vietnamese Communism at all, but to American capitalism itself. 4811