United States economic crisis

Fat cat bailouts in the USA, cartoon

A series of worse-than-expected economic reports and job cut announcements this week underscore that, despite official claims of an economic recovery, the prospects for working people in the US are likely to worsen: here.

In Congressional testimony Wednesday, US Treasury Secretary Timothy Geithner stonewalled over the critical role he played in the bailout of AIG and its counterparties—especially Goldman Sachs—while still serving as president of the New York Federal Reserve bank: here.

How neoclassical economics steals from the workers: here.

Exception for military spending in Obama‘s budget freeze: here.

18 thoughts on “United States economic crisis

  1. Protesters urge corruption end

    Indonesia: Thousands of demonstrators have taken to the streets to protest at the government’s bail-out of banks during the financial crisis and its failure to combat corruption.

    Protesters claimed that President Susilo Bambang Yudhoyono had not delivered on his promise to eradicate corruption during the first 100 days of his second term, despite winning last year’s election with a resounding 60 per cent of the vote.



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