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Tag Archives: Great Depression
From Liberty Bonds to Bailout Bonds?
The NY Times says that Barack Obama is contemplating letting small individual investors in on the bank bailout—wedding Main Street to Wall Street. Like a mutual or bond fund, you would buy shares, perhaps for as little as a few … Continue reading
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Tagged bailout, economy, Great Depression, Great Depression 2.0, main street, recession, Russia, The Great Gatsby, wall street
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Jon Stewart Takes Down Jim Cramer and Other Fatuous CNBC Business Show Prognosticators
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Tagged banks, business, economics, finance, Great Depression, Great Depression 2.0, jim cramer, Jon Stewart, Politics, recession, social psychology, wall street
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If America’s Economic Retraction Becomes Even Worse, Will We Behave Like the Waltons—or the Nazis?
In a recent essay, former NY Times foreign correspondant, Chris Hedges, asks what kind of America will evolve, should our current economic contraction prove to be the harbinger of America’s general decline as a world power. Will we see reactionary “Father … Continue reading
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Tagged America, Chris Hedges, father caughlin, Great Depression, Great Depression 2.0, Hitler, Nazism, Politics, religion, the waltons, wall street
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Obama Boxed In?
William Greider, of the Nation, paints today the bleakest economic picture that I’ve seen, suggesting that Obama’s stimulus package of 800 billion dollars is too small by at least HALF. He also suggests that Obama will need to nationalize the … Continue reading
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Tagged China, debt, economy, Great Depression, Great Depression 2.0, Hugh Hewitt, Politics, rush limbaugh, Sean Hannity, wall street, william greider
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Bank Run Time?: Are Bush and Paulson Presiding Over an Economic Damn That Is About to Break?
Is George Bush Herbert Hoover, and Henry Paulson Thomas Lamont? See Nouriel Roubini’s latest, and sobering, take on the possibility of a bank run here.
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Tagged 1929, credit cards, economics, George Bush, Great Depression, Henry Paulson, John McCain, markets, Politics, Sarah Palin, Thomas Lamont, wall street
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Prometheus Unbound 