All Posts Tagged With: "Bush’s Fubar Economy"
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 [...]
2Jul2010 | nemski | 21 comments | Continued
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.
The Aughts Were A Lost Decade — Part II
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:
3Jan2010 | cassandra_m | 2 comments | Continued
Taibbi: Potentially Huge Decision On Mortgages In Kansas
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 [...]
23Sep2009 | Unstable Isotope | 15 comments | Continued
DelCOG Event — What Really Happened to the Economy
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!
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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 Speaker: Michael Greenberger, [...]
Heckuva Job Bushie!
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 [...]
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 now [...]
Quote of the Day
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 more [...]
Great Depression Cooking
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.
15Mar2009 | nemski | 2 comments | Continued
Tent City
Hey winguts, they’re not camping!
Watch this slideshow as well.
Financial News You May Have Missed This Week
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 [...]
8Mar2009 | cassandra_m | 15 comments | Continued
The Stickup Note
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 at Deutsche [...]
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)
26Feb2009 | nemski | 2 comments | Continued
Four Bad Bear Markets
Click on the image to view the larger and more readable graph. Courtesy of dshort.com.
24Feb2009 | nemski | 4 comments | Continued
The Crisis of Credit Visualized
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.
Inside the Meltdown
Got an hour . . . . actually you do, watch Frontline’s Inside the Meltdown, from Bear Stearns to the bailout.
20Feb2009 | nemski | 5 comments | Continued
President Obama’s Townhall
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.
9Feb2009 | nemski | 5 comments | Continued
A Fools Errand: Seeking Apologies
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 [...]
2Feb2009 | liberalgeek | 32 comments | Continued
The Bush Legacy: An Economic Crisis So Deep
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 research group [...]
BoA Getting Additional Bailout Funds
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 Treasury Department. [...]
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:
14Jan2009 | cassandra_m | 20 comments | Continued
Cheney, The George Costanza of VPs
kavips gives the most compelling reason on why bold action is required to stave off Great Depression II.
12Jan2009 | nemski | 2 comments | ContinuedSocial Media
