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Economy - Economics USA

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AP

That's not to say the package steers clear of waste or parochial interests. Obama played to such interests, speaking at one point as if he'd come to fill potholes. A look at Obama's claims on the bailout, and the news conference called to

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CNBC.com

Forget Timothy Geithner – Wall Street trusts Meredith Whitney. The new Treasury secretary may be unveiling a financial rescue plan on Tuesday, but it’s the Oppenheimer analyst who’s got the street cred. If Whitney says that Geithner’s approach won’t

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Washington Post

The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a 3-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly more, lawmakers a

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NYtimes.com

In Lehigh Acres, homes are selling at 80 percent off their peak prices. Only two years after there were more jobs than people to work them, fast-food restaurants are laying people off or closing. Crime is up, school enrollment is down, and one in fou

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solari.com/blog/

Slowly, as the pieces fit together, we shared a horrifying epiphany: the banks, corporations and investors acting in each global region were the exact same players. They were a relatively small group that reappeared again and again in Russia, Eastern

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Ritholtz.com/blog/

The current contraction is far far worse than the 2 previous downturns: 3.6 million — and counting — job losses as of yesterday is worse than the 2.7 million jobs lost in the 2001 recession, and far worse than the 1.6 million job losses in the 1990-1

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Washington Post

An ostentatious executive order banning lobbyists was immediately followed by the nomination of at least a dozen current or former lobbyists to high position. Followed by a Treasury secretary who allegedly couldn't understand the payroll tax prov

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NakedCapitalism.com

A Serious Economist has finally said that the lack of scruples in America and Britain has gone beyond the tipping point, and is going to exact high societal costs. The parasites are eating the host. I hope someone out there is taking notice.

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Reuters

Policymakers are considering an idea that the government change its existing holdings in the banks, which have taken the form of preferred shares -- non-voting stock that carries a fixed dividend -- into convertible preferred shares that could be con

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LewRockwell

Let us briefly review some of the more notorious behavior of the federal government in recent years that has spawned the current economic crisis. First, every law and government agency having anything to do with housing policy, from HUD to the Fed,

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LewRockwell.com

"Congress wants you to believe we can dig ourselves out of the financial crisis by spending $400 million to research global warming, $650 million to convert analog TVs to digital, $7 billion to 'modernize' federal buildings, and $20 bill

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Wall Street Journal

Contrary to conventional Beltway wisdom, the House Republicans' zero votes for the Obama presidency's stimulus "package" is looking like the luckiest thing to happen to the GOP's political fortunes since Ronald Reagan switched p

PurePatriot