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Bailout not so costly after all
Joplin Globe If money had not been pumped directly into the largest banks, he said, “I think you then would have been presiding over a collapse of the financial system and potentially a second Great Depression.” On top of that, taxpayers would have been saddled for … and more » |
Tags: Second Great Depression
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Boston Fed president said should use regulators use tests to prepare for worse
Boston Globe Speaking at Boston University, Rosengren said misplaced faith in history created "myths" that helped lead to the financial meltdown that pushed the US economy to the brink of a second Great Depression. For example, since national home prices had not … and more » |
Tags: Second Great Depression
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Destroying our Drinking Water is the Wrong Way to Create Jobs
Huffington Post (blog) While decisive government action probably saved us from a second Great Depression, the TRAP program that saved Wall Street and the Obama stimulus package are both discredited and discounted by critics of "big government." The anti-government politics … and more » |
Tags: Second Great Depression
 Citybizlist (press release) |
O'Malley Criticizes Wisconsin Gov. Walker and Spars with Texas Gov. Perry – By …
Citybizlist (press release) Thirteen percent of that deficit will be driven by the series of ongoing dessert wars, and only 4 percent would be driven by the Recovery and Reinvestment Act, without which we would have plunged into a second great depression." O'Malley said: "George … and more » |
Tags: Second Great Depression
 DBKP – Death By 1000 Papercuts |
High Stock Prices Caused the Great Depression: The Dangers of Buy-and-Hold
DBKP – Death By 1000 Papercuts It's not hard to imagine the next crash bringing on the Second Great Depression. And it's not hard to imagine a Second Great Depression changing the public mood enough so that proposals for a termination of the free market economy would be a warmly … |
Tags: Second Great Depression
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Obama Calls On Jobs Council For Ideas To Improve Recovery
RTT News Obama stressed that while the country had averted a second Great Depression and had begun to recover, there is more yet to be done before declaring success. "The economy is now growing. In many sectors we're seeing recovery," he said. … |
Tags: Second Great Depression
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Ex-Goldmanite Moyo Sees US Default, Chimerica Suicide: Books
Bloomberg Perhaps we needed a second Great Depression after all. (James Pressley writes for Muse, the arts and leisure section of Bloomberg News. The opinions expressed are his own.) To contact the writer on the story: James Pressley in Brussels at … and more » |
Tags: Second Great Depression
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Ex-Goldman Economist Moyo Sees Chimerica Hara-Kiri, US Default: Books
Bloomberg Perhaps we needed a second Great Depression after all. (James Pressley writes for Muse, the arts and leisure section of Bloomberg News. The opinions expressed are his own.) To contact the writer on the story: James Pressley in Brussels at … and more » |
Tags: Second Great Depression
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Maryland And Virginia Governors Fire Partisan Blasts
W*USA 9 O'Malley blamed the GOP for two unfunded wars, which he says is "a far bigger driver for the deficit than the Recovery and Reinvestment the President needed to do to keep our country from going into the second Great Depression." O'Malley is Chairman of … and more » |
Tags: Second Great Depression
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Christie delivers his budget speech in NJ
msnbc.com In 2008, Bush had to deficit spend and when Pres Obama took office, the Government HAD TO continue to deficit spend to keep the country from falling apart and from a second Great Depression. I do not begrudge that spending but I do resent the … and more » |
Tags: Second Great Depression
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