crisis

The New Biden Task Force to Oversee Economic Recovery

Posted Mon, 12/22/2008 - 08:23 by carol white

The latest announcement from the Obama transition is that Joe Biden will be leading a task to oversee Administration policies to rebuild the domestic economy and protect jobs. You can listen to George Stephanopoulis's broad-ranging, Sunday interview with Biden  on This Week.

To me a high point of the interview was Biden's answer to the question, (I'm paraphrasing): Isn't the current deficit so large that Obama will not be able to carry out all his recovery plans? Biden's answer was a decisive negative. Obama's economic recovery package is THE priority of the incoming Administration, he said.

H.U.D. Chief Chosen

Posted Sat, 12/13/2008 - 12:31 by carol white
 Picture taken from New York City web site by A.P.
 

On his Saturday radio address, President elect Obama announced that he has selected Shaun Donovan to head the Housing and Urban Development Department.

Bank Crisis 101 - The Simplest Explanation You Will Find

Posted Fri, 09/26/2008 - 19:37 by Connecticut Man1
bumped by roxy. Originally published 2008-09-26 10:25:49 -1000

They try to hide what it is using fancy words like credit derivatives. Over and over again they tell you it is too complicated for the average person to understand. They are lying to you. [shock!] You can easily understand this if you read these pieces together. They keep talking about mortgages but they are the smallest part of this entire "shitpile." It is a scam and the bushies have been waiting for months to unleash this "crisis" as an election issue.