qando.net - 12/15/2008
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Now that the NBER has decided to endorse my view that we went into recession last December which I first first claimed last January , I think my points about the efficacy of fiscal stimulus still apply. As for spending already pledged to save us, the figures are growing at a rate that has even ...
motherjones.com - 12/10/2008
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motherjones.com —
BAILING OUT DETROIT.... David Leonhardt uses this graphic
in the New York Times today to illustrate the...
labor costs of the Big Three auto makers vs. the Japanese companies who manufacture cars in nonunion plants. As he says, the $70+ per hour ...
(more)
Bailing Out Detroit
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The Crisis-Mongers
Antiwar.com Original —
D id you, too, get that frisson of d j vu when you first heard about the bank bailout and its rationale? If you don't hand over untold trillions of dollars in the next five minutes , the economy is going to explode. This was how the PATRIOT Act got rammed through Congress in record time, before anyone had a chance to even read the voluminous bill, surrendering what's left of our liberties and giving the president dictatorial powers : give us your freedom, or else the terrorists are going to blow the country up. This was also how the Bush administration and its neoconservative amen ...
Related Content
Keep bailing . . .
meganmcardle.theatlantic.com 11/15/2008 — Felix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris ,
who notes the double ...
Are We Bailing Ourselves Out?
talkingpointsmemo.com 2/24/2009 — We already own 80% of AIG. Now they're coming back for more .
And more to the point, who are the counter-parties that the money is going to go to once we give it to this company that has no value at all?
Bailing Out the Auto Industry
outsidethebeltway.com 11/10/2008 — No matter what your politics are, left or right, I think we can all agree that bailing out the U.S. auto industry is a bad idea. As Conor Friedersdorf notes
When an auto firm makes a product inferior to its competitors, signs labor contracts it ...
NBER: U.S. economy in recession since December 2007.
thinkprogress.org 12/1/2008 — The National Bureau of Economic Research (NBER) announced today that the U.S. economy has been in recession since December 2007 . NBER’s Business Cycle Dating Committee — “which maintains a chronology of the beginning and ending ...
"Democrats are bailing out on the word 'stimulus.'"
althouse.blogspot.com 11/26/2008 — Writes Carl Hulse. In a notable shift, Congressional leaders and officials of the incoming Obama administration are actively trying to retire that term and use the more marketable “economic recovery program” as the descriptor for the ...
Bailing Out in the Real World
yglesias.thinkprogress.org 11/17/2008 —
I feel like some of the commentary on the prospect of an auto industry bailout is starting to remind me of some of the stuff I fell for before we invaded Iraq. The kind of thing where someone yes, “yes this sounds like a bad idea, but if we ...
Progressive Breakfast: Bailing Out The Bailout
ourfuture.org 12/18/2008 — Progressive Breakfast is the morning roundup of what progressive movement members need to know to start the day. ALERT: The Conservative Attack Strategy On Economic Recovery Marc Ambinder: "A trillion dollars worth of government spending over the ...
U.S. recession began in December 2007, NBER says
marketwatch.com 12/1/2008 — WASHINGTON (MarketWatch) -- The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, ...
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