Socialist Vice Presidential Candidate Stewart A. Alexander says the measures that are being taken by the Fed, in the midst of this growing economic crisis is an indication that the U.S. economy has now passed the stage of a recession and is now in the early stage of a depression. “It will take more than printing truck loads money and bailing out the capitalists to prevent the U.S. and global economy from slipping into a deeper depression.”
The working people must fight the new capitalist Wall Street scheme to rip off even more of their tax money and bail out Wall Street further with U.S. government purchase of preferred stocks without voting rights of failed Wall Street banks.
A FUTURE US TASK FORCE DESIGNED TO HELP BRING THE NEEDED CHANGE TO AMERICA'S BROKEN JUDICIAL SYSTEM,WOULD FARE VERY WELL UNDER MRS.CLINTON'S DIRECTION ! BEING THE WEALTHIEST COUNTRY IN THE WORLD WE NEED TO BEGIN ONCE AGAIN TO REINVEST THE PROPER MONIE$ IN OUR OWN US JUDICIAL SYSTEM, ASSURING ALL OF OUR CITIZENS THEIR LEGAL RIGHTS TO FAIR TRIALS WITH PROPER LEGAL REPRESENTATION !!!
After taking on more than 14 trillion in Federal debt, the housing market in the United States dropped 40%, and the United States was burdened with another 10 trillion dollars in mortgage debt. The FED’s spending did not stop there, another 2 trillion was spent bailing out companies and banks. US treasuries faltered and failed as global wealth funds dumped the dollar.
Before he chose her, speculators wondered-- was he going to pick a traditional candidate, a safe bet - or would the veteran Arizona senator go for the wild card? He did choose the wild card. But will that materialize into a ticket to the White House?
Canadian oil executives attending the Democratic National Convention issued thinly veiled threats to the Obama campaign, stating that tar sands oil would be shipped to China if a new administration in Washington imposed restrictions.
Greed has destroyed the world's financial system. Spiegel Online spoke with Nobel Laureate Yumus about the profit motive, social consciousness and what should be done to end the financial crisis. Profit should not be the only reason that businesses exist.