If America’s credit rating falls, it’s taking a lot more than just Treasury securities with it. It’s going to take the whole credit market with it. Which is exactly how the subprime housing sector took the economy down in 2008. It would be like 2008, but worse. .....More Here---- http://ping.fm/B31rd
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Friday, July 15, 2011
Washington Post / Bloomberg Business: " How default would harm homeowners, cities, businesses and everyone else"
...Listen Up you "Tea Party" Republicans. You are about to crash the economy into a wall again!!
Wall Street Journal: "Robert Reich: Can Obama Pull a 'Clinton' on the GOP?"
....it can work again Dems! ---In The Wall Street Journal, former Clinton Labor Secretary Robert Reich writes that Obama's following the budget-showdown script that Bill Clinton used to win re-election—but the economy added 434,000 new jobs in February 1996.
---More Here -- http://ping.fm/FUDBb
---More Here -- http://ping.fm/FUDBb
Thursday, July 14, 2011
The Raw Story -- "Poll: Americans blame Bush for bad economy by wide margin"
By a wide margin, more Americans blame former President George W. Bush for the national economic outlook than they do President Barack Obama, according to a new poll........bad news for Republicans in 2012 and current Debt Negotiations! ----More Here http://ping.fm/Cft4o
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