Thursday, October 6, 2011

Pelosi: Unemployment rate would have hit 14.5% without stimulus...


Isn't she the one who said if we passed the stimulus unemployment wouldn't go over 8%.

And then told us we had to pass the bill to see what was in it.
MORE HERE

IT'S OFFICIAL: Housing bust worst since Great Depression...

The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.
The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents.
MORE HERE 

FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'

England Governor says

The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. 

Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession. 

MORE HERE

Wednesday, October 5, 2011

Police, rioters clash in Greece as nation goes on strike...

Coming to America, mark my words!

Just look at the "wall-street occupiers"

 There will be riots on the streets of America if this economy does not improve, I pray I am wrong.

Police and rioters clash as nation goes on strike

Flights were grounded, schools shut and civic offices closed in a nationwide strike Wednesday to protest the government's austerity measures. Riot police in Athens clashed with protesters and fired tear gas.

Tuesday, October 4, 2011

China warns of trade war if U.S. bill passes

An angry China warned Washington on Tuesday that passage of a bill aimed at forcing Beijing to let its currency rise could lead to a trade war between the world's top two economies. 
more here

Sunday, October 2, 2011

U.S. met with Muslim Brotherhood

(Reuters) - U.S. officials have met members of the Muslim Brotherhood's political party, a U.S. diplomat said, after Washington announced it would have direct contacts with Egypt's biggest Islamist group whose role has grown since U.S. ally Hosni Mubarak was ousted.

More here