Tag: Bush’s Fubar Economy

Austerity is a Bitch

Filed in International by on July 2, 2010 21 Comments
Austerity is a Bitch

What president believed in his heart and soul that austerity was the answer to pull America out of its economic mess? Herbert Hoover. Don’t get me wrong, I’m not saying Hoover wasn’t a great man, he was just a shitty president. The work Hoover did in feeding millions of people during the Great War and […]

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A Decade of Lost Economic Performance

Filed in National by on March 9, 2010 0 Comments
A Decade of Lost Economic Performance

From The Economist: The 2000’s were the worst decade for American economic performance since the 1930’s.
People often forget that Americans are among the hardest working people in the industrial world. These charts show how BushCo economic policy made sure that those hardworking people got a lot less in return.

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The Aughts Were A Lost Decade — Part II

Filed in National by on January 3, 2010 2 Comments

Bloomberg notes that even though the 2009 stock market rally was pretty remarkable, it did not save investors from the single worst decade of returns. And that is the single worst since they’ve been collecting data:

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The Aughts Were A Lost Decade

Filed in National by on January 2, 2010 24 Comments
The Aughts Were A Lost Decade

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The Most Fiscally Irresponsible President In The History Of The Republic

Filed in National by on October 18, 2009 81 Comments
The Most Fiscally Irresponsible President In The History Of The Republic

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Taibbi: Potentially Huge Decision On Mortgages In Kansas

Filed in National by on September 23, 2009 15 Comments

Matt Taibbi has a blog post up about a recent ruling in Kansas regarding foreclosure on mortgages. MERS is a middleman in the mortgage trading business, it would buy mortgages from banks and participate in bundling mortgages for the securities market. The Kansas Supreme Court ruled that MERS had no standing to foreclose on a […]

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DelCOG Event — What Really Happened to the Economy

Filed in Delaware by on September 16, 2009 0 Comments

This is an announcement from a DelCOG that I received via email. I am going to try to go to this — it looks really interesting! ************************************************************************ Lecture and Panel Discussion Presented By Delaware Press Association & The Delaware Coalition for Open Government “WHAT REALLY HAPPENED TO OUR ECONOMY: The Consequences of Not Knowing” Keynote […]

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Heckuva Job Bushie!

Filed in National by on September 11, 2009 23 Comments

The median income in the U.S. decreased from 2007 to 2008. The U.S. Census Bureau announced today that real median household income in the United States fell 3.6 percent between 2007 and 2008, from $52,163 to $50,303. This breaks a string of three years of annual income increases and coincides with the recession that started […]

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How You Make a Trillion Dollar Deficit

Filed in National by on June 11, 2009 45 Comments
How You Make a Trillion Dollar Deficit

…and then try to blame Democrats for it. This is simply fantastic analysis from David Leonhardt from the NYT tracing how the US got to trillion dollar deficits, that you should all bookmark and refer to when the usual suspects show up to pretend that the sky just started falling on Jan 20, 2009. Especially […]

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Quote of the Day

Filed in National by on March 31, 2009 1 Comment

From Paul Krugman’s op-ed on Friday. But the wizards [Wall Street] were frauds, whether they knew it or not, and their magic turned out to be no more than a collection of cheap stage tricks. Above all, the key promise of securitization — that it would make the financial system more robust by spreading risk […]

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The Economy Is Tough All Over

Filed in National by on March 19, 2009 0 Comments
The Economy Is Tough All Over

h/t Japanator

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Great Depression Cooking

Filed in National by on March 15, 2009 2 Comments

Ninety-one year-old great-grandmother Clara, a first-generation American from Chicago, shares recipes her mother made during the first Great Depression as well as many stories of the times in Great Depression Cooking with Clara. Below, learn how to make Clara’s mother’s Pasta with Peas.

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Tent City

Filed in National by on March 13, 2009 7 Comments

Hey winguts, they’re not camping! Watch this slideshow as well.

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Financial News You May Have Missed This Week

Filed in National by on March 8, 2009 15 Comments

There is alot of interesting stuff being written by folks who are not exactly part of the cable news shouting match or who are talking about long term effects of this crash that may be useful. These are some of the best I read this week: NYT piece discusses something I’ve been pointing out for […]

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The Stickup Note

Filed in National by on March 2, 2009 19 Comments

On Friday, NPR aired a longish segment (almost 8 minutes) of reporting on bank bailouts via a research note set out by a Deutsche Bank economist: A single piece of paper may just be one of the most surprising and illuminating documents of the whole banking crisis. It’s a one-page research note from an economist […]

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The Financial Crisis Will Be Mapped

Filed in International by on February 26, 2009 2 Comments
The Financial Crisis Will Be Mapped

A really cool map that allows you to watch the financial crisis worldwide as is does its swirly. Just click on the image and watch the magic happen. (h/t GOOD)

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Four Bad Bear Markets

Filed in National by on February 24, 2009 4 Comments
Four Bad Bear Markets

Click on the image to view the larger and more readable graph. Courtesy of dshort.com.

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The Crisis of Credit Visualized

Filed in National by on February 23, 2009 5 Comments

Very nice, very clear, very creative visual explanation of the origins of the credit crunch: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. This is about 11 minutes long and worth every minute.

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Inside the Meltdown

Filed in International by on February 20, 2009 5 Comments

Got an hour . . . . actually you do, watch Frontline’s Inside the Meltdown, from Bear Stearns to the bailout.

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President Obama’s Townhall

Filed in National by on February 9, 2009 5 Comments

You can watch the rebroadcast of President Obama’s Townhall on cspan.org. It will take about 1 hour of your time or you can just get your talking points from the RNC.

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A Fools Errand: Seeking Apologies

Filed in Delaware by on February 2, 2009 32 Comments

I have to hand it to Jason.  He has doggedly sought an apology from anyone that he thought that we were all due one from.  He wants an apology for the damage that was done to this country economically, environmentally, socially, politically, diplomatically and legally.  He has gotten no takers.  The best that he has […]

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The Bush Legacy: An Economic Crisis So Deep

Filed in National by on January 18, 2009 7 Comments

What’s better than reading Krugman twice a week or his blog, how about an open letter to President-Elect Obama with Krugman’s ideas on how to fix the economy, What Obama Must Do. But before you go and read Krugman’s letter, chew on this for a moment. The Center on Budget and Policy Priorities, a nonpartisan […]

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BoA Getting Additional Bailout Funds

Filed in Delaware, National by on January 14, 2009 28 Comments

From the WSJ: The U.S. government has agreed to commit billions in additional aid to Bank of America Corp. to help the nation’s largest bank by assets close its acquisition of Merrill Lynch & Co., according to people familiar with the situation. Discussions over these funds began in mid-December when Bank of America approached the […]

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End of an Error — Very Weak Economic Growth

Filed in National by on January 14, 2009 20 Comments
End of an Error — Very Weak Economic Growth

In an effort to do some counterprogramming against the BushCo legacy tour, we’ll look at the real legacy — from the Washington Post:

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Cheney, The George Costanza of VPs

Filed in National by on January 12, 2009 2 Comments

kavips gives the most compelling reason on why bold action is required to stave off Great Depression II.

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