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eschatonblog.com - 3/10/2009
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Sadly I think they're still being somewhat optimistic. March 10 (Bloomberg) -- The U.S. jobless rate will reach 9.4 percent this year and remain elevated through at least 2011, threatening the nation’s longer-term growth potential, a monthly Bloomberg News survey indicated. The peak in ...
gatewaypundit.blogspot.com - 3/7/2009
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gatewaypundit.blogspot.com —
Several economists agree that Obama inherited a bad
situation and made it much worse. Click to Enlarge...
Here is a chart that shows that the current economy is tracking right with the Great Depression. Here's another article by an Obama-supporting ...
(more)
Today's Obama Economy Worse Than Great Depression
smartmoney.com - 3/7/2009
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smartmoney.com —
Over the last couple years I loved to
ridicule all the scaremongers who always said this, that...
or the other thing is the worst since the Great Depression. I stand by my ridicule, for the most part -- those prophets of doom were mostly broken clocks ...
(more)
Even Worse Than the Great Depression at SmartMoney.com
blogs.abcnews.com - 3/18/2009
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blogs.abcnews.com —
ABC News' Teddy Davis reports: President Obama's budget
chief said Tuesday that he expects a forthcoming government...
revenue estimate to reflect a worsening economic picture. "The numbers will be more negative than anticipated," said Peter Orszag, the ...
(more)
Obama Budget Chief: Numbers Looking Worse
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Effective Oversight in a Financial World Gone Bad?
Firedoglake —
... on pouring.
Where is it all going? Is it being used prudently? Will there be a full accounting? Will the government receive a real return on the money? Are we getting appropriate value for these "investments" to shore up liquidity? Are all of these institutions truly worth saving or would we be better off allowing collapse? Is this money going to the business or to outside investors -- and why?
Shouldn't we have answers to some of this instead of just shoveling more money onto the shitpile?
We're going to be asking a lot of these ...
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