Tag Archives: financial crisis

Sarah Palin: No Experts Need Apply; Joshua Livestro Has the Whole Economics Thing Covered for Me, Thanks

If you’re wondering how irrational, unpredictable, and volatile a Sarah Palin presidency would be, look no further. News is that she has retained, not an academically trained economist or financial expert, but a right-wing Dutch newspaper columnist (his name is Joshua … Continue reading

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Do as I Say?

Don’t bail—but let banks fail? We’re “singing a different tune” now that it is America that is in a financial crisis. Today’s NY Times: [C]leaning up the banks’ bad assets, without extracting a heavy price for the bank managers, shareholders … Continue reading

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Maybe Not So Bad Afterall?: The National Debt, as a Percentage of GDP, is About the Same as Where It Was In 1992

Paul Rosenberg, at Open Left, has an interesting chart which keeps the national debt in perspective. The national debt, bad as it is, is hovering, in relation to GDP, at levels akin to those just prior to Bill Clinton’s presidency. … Continue reading

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Socialism for the Rich: How Did Wall Street Just Get $3000.00 from Every Man, Woman, and Child in America?

Answer: Deregulation, followed by George Bush and the “ol’ boys network” falling asleep at the wheel. Think of the looting of Iraq’s National Museum and presidential palaces after America’s occupation of Baghdad. Policing was not done, and theft proceeded unhindered. … Continue reading

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$3000.00: The Amount Each American Man, Woman, and Child Will Borrow This Week to Bail Out Wall Street and International Investment Gamblers

$3,000.00 That’s the amount being taken out of each and every individual American’s pocket, counting children, and is being placed into the pockets of Wall Street investment gamblers. Talk about socialism for the rich. Can we at least get a thank you? Here’s … Continue reading

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“It’s Pure Crisis Management”: In the NY Times, the Renowned Financial Historian, Ron Chernow, Weighs in on the Nationalization of AIG

The NY Times today quotes, in an important article on the financial crisis, Ron Chernow, and lays out the vast implications of AIG’s nationalization: Is the United States no longer the global beacon of unfettered, free-market capitalism? In extending a … Continue reading

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