Grassley provides Republican response to President Obama's March 14 address

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Obama Tries Out New Economic Messengers

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New unemployment claims hit 26-year high

New claims for jobless benefits rose more than expected last week, exceeding even gloomy expectations for an economy stuck in a recession that seems to be deepening.

The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally adjusted 573,000 from an upwardly revised figure of 515,000 in the previous week. That was far more than the 525,000 claims Wall Street economists expected.

Linkage here....


When is Bush going to take ownership for this mess he created?

Tags: New unemployment claims hit 26-year high, unemployment, Unemployment Rises, economic crisis, economy

Richard Shelby Threatens to Filibuster Auto Bailout

Nice, a cascading effect from the big-3 failing could be the loss of 3 million plus jobs and this guy has the balls to play politics with people's lives.
This just proves some Republicans will never change.

Tags: Richard Shelby Threatens to Filibuster Auto Bailout, filibuster, automakers seek bailout, economic crisis, economy

PRESIDENT BUSH ON THE ECONOMY AND THE WAR

Charles Gibson interviews George Bush about the economy in general and whether or not the "War in Iraq" has been a success.

Tags: PRESIDENT BUSH ON THE ECONOMY AND THE WAR, President Bush, George Bush, war on terror, War in Iraq, economy

Obama Outlines Job Creation Plan

In his weekly radio address on Saturday, President-elect Barack Obama outlined his plan to create 2.5 million jobs in coming years to rebuild roads and bridges and modernize schools.

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Citigroup To Cut Costs And 53,000 Jobs

Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics before it's too late.

53,000 people out of jobs? And Bush won't do anything about it? Yeah...this bodes well for the country.

Tags: Citigroup To Cut Costs And 53, 000 Jobs, Citigroup layoff, bank failure, economy

What Will Congress Do In Lame-duck Session?

When Congress meets this week for a lame-duck session, the economic crisis looms large. Will Congress pass a plan President George W. Bush agrees with or will help from Washington have to wait for President-elect Barack Obama?

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Dennis Kucinich -- "Racketeering On A Scale This Country Has Never Seen Before!!!"

Tags: Dennis Kucinich -- Racketeering On A Scale This Country Has Never Seen Before, Dennis Kucinich, corruption, racketeering in government, bailout, economy

The Onion: Should The Government Stop Dumping Money Into A Money Hole?

Tags: The Onion: Should The Government Stop Dumping Money Into A Money Hole, The Onion, satire, economy

Rahm Emanuel- 'Priority one is the economy'

I'm very glad we have incoming leadership that is going to put the people needs back where they belong, out in front.

Tags: Rahm Emanuel- 'Priority one is the economy', Rahm Emanual, Emanuel To Serve As Obama's Chief Of Staff, economy, economic crisis

Sarah Palin's exit interview- 'An economic woeful time in this nation' beat her ticket

Yeah the economy helped things along but really, this campaign was a failure on almost every level.
Going negative and choosing Palin cost them this election, not just negative economic news.
I do want to thank John McCain for one thing.
Choosing Palin made the election a laugh riot thanks to the likes of Tina Fey.

Tags: Sarah Palin's exit interview- 'An economic woeful time in this nation' beat her ticket, economy, economic crisis, Sarah Palin, John McCain

Obama Calls for Swift Action on Economy

President-elect Obama assembled his economic team Friday and soberly told the nation that strong action is needed to confront 'the greatest economic challenge of our lifetime.'

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Neil Cavuto on John McCain- 'On economic matters, you have no convictions'

Neal "lays the smackdown" on the McCain campaign being hypocrites for all of the Obama is a socialist claims.
McCain has proposed and voted for bills and legislation that have socialist undertakings.
Then as Cavuto brings up, McCain attacks Obama for many of the same policy positions he shares himself.
At least Obama stays consistent with his views/policy's while McCain is all over the place.

Tags: Neil Cavuto on John McCain- 'On economic matters, you have no convictions', Neil Cavuto, John McCain, economy, Barack Obama

White House Comments on Shrinking GDP

Chairman of the Council of Economic Advisers Ed Lazear says a new report showing a shrinking GDP, indicates that the economy is weakening. Consumers cut back their spending by the biggest amount in 28 years during the July-September quarter.

Tags: White House Comments on Shrinking GDP, gdp, economy

The Daily Show: Clusterfuck to the Poor House -- Alan Greenspan

Samantha Bee has a black eye and a backwards G on her cheek.

Tags: The Daily Show: Clusterfuck to the Poor House -- Alan Greenspan, The Daily Show, Jon Stewart, Alan Greenspan, clusterfuck, economic crisis, economy

TheYoungTurks - Karl Rove Blames Obama For Economic Meltdown

Damn, the world is going to end group strikes another chord.
They just can't stop the scare tactics for even a minute.
Nice try Rove, no one other than the sheeple actually believes the current crisis on Wall Street has anything to do with Obama.
Lets look a little closer to home.
Maybe around a Bush or two?

Tags: TheYoungTurks - Karl Rove Blames Obama For Economic Meltdown, the Young Turks, Karl Rove, Economic Downfall, economy, Barack Obama

Economy Brings Back Layaway

A payment method that became decidedly passe in the 1980s is being promoted again this holiday season as a way for budget-conscious shoppers to buy gifts without breaking the bank.

Tags: Economy Brings Back Layaway, layaway, economy, Economic Downfall, economic crisis

McCain: Safety Net Not Golden Parachute

Tags: John McCain, McCain: Safety Net Not Golden Parachute, economic crisis, economy, election 08, MSNBC

Hank Paulson Details The Big "Rescue" Plan

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