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Economy - Economics USA

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Washinton Monthly

Remember, this isn't some random member of the College Republicans after he's had a few too many; this is an elected member of the United States Congress.

News Link • Global Reported By Ken Demyen
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Thomas Woods for LewRockwell.com

If politicians are honest in seeking a culprit, they will find that it’s not capitalism. It’s not greed. It’s not deregulation. It’s an institution created by government itself.

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TruthDig.com

I’ve been groping for the precise word to characterize the zeitgeist of this (unfortunately) historic moment. I know it’s not merely “demoralized.” It’s a something far more dread-laden—a word I finally found during a visit last week to central Mexic

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Washington Post

U.S. stock markets plunged 4 percent yesterday as bank shares faltered and auditors for General Motors, the biggest U.S. automaker, warned that the company might not be financially viable.

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Youtube

It's immoral to transfer wealth from the productive to the non-productive members of society. The stimulus and the bailouts will only make the problem worse. Government needs to get out of the way and let the market sort itself out.

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CNBC.com

"While California, Florida, Nevada, Arizona and Michigan continue to dominate the delinquency numbers, some of the sharpest increases we saw last quarter in loans 90 days or more delinquent were in Louisiana, New York, Georgia, Texas and Mississ

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arclein

President Obama is approaching his Herbert Hoover moment and the signs are not positive. Every investor understands that if his friends are losing their homes that his investments will start losing money. The other shoe that has not dropped fully

News Link • Global Reported By robert klein
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MSN

Pramod Kadambi wakes up every morning fearing the world has come to an end. He and his wife don't spend money on anything but essentials. Friends who have lost their jobs visit and cry. He sees war or revolution coming. Gold coins and guns are ne

News Link • Global Reported By Ken Demyen
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NYtimes.com

Dead people are the newest frontier in debt collecting, and one of the healthiest parts of the industry. Those who dun the living say that people are so scared and so broke it is difficult to get them to cough up even token payments.

midfest.info