On AlterNet: economic meltdown

Stories, blog posts, and videos tagged as "economic meltdown"

The Dollar Might Be Having Problems, But Here's Why We Really Don't Want to Go Back to Gold

Katherine Sciacchitano, Dollars and Sense. June 18, 2010.

The United States has faced a vacillating dollar, calls to replace the greenback as the global reserve currency, and an international consensus that it should save more.

Why Fannie and Freddie Continue to Cost Taxpayers Billions

delete, The Huffington Post Investigative Fund. March 24, 2010.

Together the two firms have already tapped $125 billion from government lifelines and the Congressional Budget Office predicts they ultimately will drain $380 billion.

Don't Fear the Deficit Bogeyman

John Miller, Dollars and Sense. November 26, 2009.

A second dose of deficit-financed stimulus spending would create a lot of jobs that America needs.

The Vampire Banks Are Back: Will There Ever Be Meaningful Financial Reform?

Dean Baker, CounterPunch. November 25, 2009.

The halls of Congress are infected with financial industry lobbyists looking to block necessary changes to our broken financial system.

Hightower: Obscenely Rich Bankers Claim to Do God's Work -- They Can Go to Hell

Jim Hightower, AlterNet. November 18, 2009.

Top executives were initially hurt by the public's moral outrage. But their sense of entitlement quickly kicked in, and now they claim they're the good guys.

The Right-Wing Prescription for Economic Recovery: Lionize the Rich and Demonize the Poor

Dylan Headley, AlterNet. July 11, 2009.

Wing-nut commentary about the crisis blames the victims. As if things weren't already bad enough.

Why the GOP Really Hates Unions

Art Levine, Huffington Post. February 23, 2009.

The GOP and the business community are waging a short-sighted battle against well-paid workers, the very people they need to rescue the economy.

Econopocalypse Goes From Bad to Worse

Christy Hardin Smith, Firedoglake. January 30, 2009.

Now is the winter of our economic discontent.

The Financial Crisis Is Driving Hordes of Americans to Suicide

Nick Turse, TomDispatch.com. January 29, 2009.

Pushed past their breaking points, people are robbing banks to pay the rent, setting homes on fire -- even taking their own lives.

Bailed Out Citigroup Buys New $50 Million Jet

Danny Shea, Huffington Post. January 26, 2009.

Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.

Inauguration Dow Drop ... Obama and the Economy?

Jill Tubman, Jack & Jill Politics. January 21, 2009.

Lost among all the excitement and pomp of yesterday was the fact that bank stocks dropped yesterday in the worst Inauguration Day drop in history.

Let's Stay Focused on the Right Kind of Economic Recovery

Andy Stern, AlterNet. January 13, 2009.

Even after the collapse of the myth of the market, conservatives are still waging class warfare on the rest of us.

Obama: 'If Paul Krugman Has a Good Idea … Then We're Going to Do It'

Amanda Terkel, ThinkProgress. January 9, 2009.

Nobel Prize-winning economist Paul Krugman has been a frequent critic of President-elect Obama.

Why Are the Media More Interested in Blago Than in Unraveling the Bailout Mystery?

Arianna Huffington, Huffington Post. January 9, 2009.

Have you heard what's going on with the government's almost trillion-dollar bailout and how your money is being spent?

Why Detroit, Like New York, Shouldn't Be Allowed to Go Bankrupt

Jane Hamsher, Firedoglake. December 11, 2008.

Bankrupting Detroit could trigger a global economic meltdown.

New Unemployment Claims Hit 26-Year High

Amanda Terkel, ThinkProgress. December 11, 2008.

Labor Department reports this morning show new claims for unemployment benefits hit 573,000 last week, the highest level in 26 years.

Will the U.S. Really Start Hemorrhaging One Million Jobs Per Month in 2009?

Booman, Booman Tribune. December 8, 2008.

We may be headed for Depression era soup lines at warp speed.

Burn the Bailout Money, It'd Be More Useful on Fire

Brad, Sadly, No!. December 7, 2008.

Say, how's the bailout going?

George W. Bush Is Worthless

Melissa McEwan, Shakesville. December 7, 2008.

The f***ing-off into oblivion cannot happen quickly enough.

Unemployment Rates Continue to Rise Dramatically

Steve Benen, Washington Monthly. December 5, 2008.

533,000 jobs lost is the worst in a single month since December 1974.

America Out of Work

Marie Cocco, Washington Post Writers Group. November 27, 2008.

Unemployment is soaring and it may be March before we feel the first dollar of an Obama recovery plan.

Here are Some Sickening Figures to Help Put the Bailout in Perspective

Staff, AlterNet. November 26, 2008.

Barry Ritholtz puts the current bailout figures in a historical perspective ... and it ain't pretty folks.

Who Is in Charge? Economic Crisis Worsens Because of Transitional Power Vacuum

Digby, Hullabaloo. November 21, 2008.

Yet another parallel between 2008 and 1932. Who Is in Charge?

Econ-ocalypse: Dow Drops Below 7,600, No Deal Reached on Auto Bailout

Ian Welsh, Firedoglake. November 20, 2008.

There is no technical support below 8K, so where it ends now is not known.

Wall Street's Bailout is a Trillion-Dollar Crime Scene -- Why Aren't the Dems Doing Something About It?

Naomi Klein, The Nation. November 14, 2008.

Washington's handling of the bailout is not merely incompetent. It may well be illegal.