Archive for July, 2011

Default Would Kill Jobs – The Plank on TNR.com (blog)

Default Would Kill Jobs
The Plank on TNR.com (blog)
Adopting a Hooverian "compromise" in an economy already sliding into backwards into a double dip Great Recession that a compromise would turn into a second Great Depression. I note Cohn's chart starts with 1960— not 1920—smooth move there!

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US Mired In Debt Limit Deadlock Amid Anemic Economic Growth, Debt Stalemate … – Sportz News


Sportz News
US Mired In Debt Limit Deadlock Amid Anemic Economic Growth, Debt Stalemate
Sportz News
For example in 2008 and 2009 if you'd had such an amendment they said they believe you would have had a second Great Depression. And finally they say most economists believe the preferred standard for a deficit is 3% of the nation's gross domestic

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Debt Deadlock: The Road Ahead – CNN (blog)

Debt Deadlock: The Road Ahead
CNN (blog)
For example in 2008 and 2009 if you'd had such an amendment they said they believe you would have had a second Great Depression. And finally they say most economists believe the preferred standard for a deficit is 3% of the nation's gross domestic

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White House Press Briefing by Jay Carney, July 29, 2011 – eNews Park Forest

White House Press Briefing by Jay Carney, July 29, 2011
eNews Park Forest
The calamity that befell this country in 2008 and early 2009 had a profound impact, and we were very close, potentially, if necessary measures weren't taken, to having visited upon us a second Great Depression. Q The President has explained why he does

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David’s take: Banks operating on ‘code red alert’ because of crisis – msnbc.com


Moneycontrol.com
David's take: Banks operating on 'code red alert' because of crisis
msnbc.com
McCain's visit to Washington, to "save the day" almost caused the Second Great depression. He distracted things, in the name of his campaign, and nearly blew up the world. and then had nothing to add or contribute because he didn't know what the hell
Letter: Childish behaviorTopeka Capital Journal

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Get drunkards off streets – Hickory Daily Record

Get drunkards off streets
Hickory Daily Record
If our elected officials allow this huge (and morally indefensible) disparity in wealth to persist, the middle class will continue to decline and we will soon face a second Great Depression. Yes, Mr. Fitzsimmons, the United States needs another

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Disaster averted is disaster disbelieved – Twin Cities Planet (blog)

Disaster averted is disaster disbelieved
Twin Cities Planet (blog)
I didn't want a complete collapse of the financial system and a Second Great Depression. I hate how it was done, and I hate that it had to be done, but it had to be done. Now, we actually have many Americans confused about whether the deficit spending

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Young: Who will force whose hand in crisis? – Austin American-Statesman

Young: Who will force whose hand in crisis?
Austin American-Statesman
Averting a second Great Depression here. It was interesting to hear Boehner say that the Obama stimulus plan amounted to squat. We have to assume through simple arithmetic that the GOP-Bush approach to economic stimulus produced even less.

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Editorial: Resist efforts to undermine consumer protections, Wall Street reforms – Syracuse.com (blog)


Syracuse.com (blog)
Editorial: Resist efforts to undermine consumer protections, Wall Street reforms
Syracuse.com (blog)
If not for taxpayer bailouts, we might be calling the Great Recession the Second Great Depression. Thanks to the little guy, Wall Street has roared back. Woe to the little guy who expects government to protect him from sharks and charlatans, in return.

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The USD gained 1 percent to 1.43695 against the EUR – FXstreet.com

The USD gained 1 percent to 1.43695 against the EUR
FXstreet.com
Bernanke warned lawmakers in a meeting of a potential second Great Depression, if the Congress does not allow a rescue package for the bank system. For about three years, the chairman's warnings of upcoming disaster helped spur the passage of the $700

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