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.

    http://www.morningstaronline.co.uk/index.php/news/content/view/full/86133

    Like

  2. Pingback: Pentagon wars come home to New York City | Dear Kitty. Some blog

  3. Pingback: United States pro-LGBTQ anti-Trump marches | Dear Kitty. Some blog

  4. Pingback: Trump’s Islamophobia in the USA | Dear Kitty. Some blog

  5. Pingback: United States teenage girls, more suicides | Dear Kitty. Some blog

  6. Pingback: Steve Bannon gone, Trump still United States president | Dear Kitty. Some blog

  7. Pingback: Trump pardons convicted anti-immigrant sheriff Arpaio | Dear Kitty. Some blog

  8. Pingback: Inequality in the USA increasing | Dear Kitty. Some blog

  9. Pingback: Donald Trump’s neocolonialism in Africa | Dear Kitty. Some blog

  10. Pingback: Trump supports right-wing crackdown in Catalonia | Dear Kitty. Some blog

  11. Pingback: Massacre in Las Vegas, USA, why? | Dear Kitty. Some blog

  12. Pingback: Billionaires richer again | Dear Kitty. Some blog

  13. Pingback: Puerto Rico, still no water, electricity | Dear Kitty. Some blog

  14. Pingback: No money for United States education, more money for fat cats | Dear Kitty. Some blog

  15. Pingback: United States military plane crash kills Puerto Ricans | Dear Kitty. Some blog

  16. Pingback: Trump’s grab at Iranian oil | Dear Kitty. Some blog

  17. Pingback: Poor People’s Campaign relaunched in the USA | Dear Kitty. Some blog

  18. Pingback: Billionaires got $1.8 trillion richer in 2017 | Dear Kitty. Some blog

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.