Some officials, including Susan Bies, a Fed governor, suggested that a housing downturn actually could bolster the economy by redirecting money to other kinds of investments.
And there was general acclaim for Alan Greenspan, who stepped down as chairman at the beginning of the year, for presiding over one of the longest economic expansions in the nation’s history. Mr. Geithner suggested that Mr. Greenspan’s greatness still was not fully appreciated, an opinion now held by a much smaller number of people..."
Only 24 hours after promising them water, EPA officials informed residents of Dimock that a tanker truck wouldn't be coming after all. The about-face left residents furious, confused and let down — and, once again, scrambling for water for bathing, washing dishes and flushing toilets.
Agency officials would not explain why they reneged on their promise, or say whether water would be delivered at some point..."
I guess the American government is preparing for the day when the people have had enough and either have to fight or starve... or in this case die of thirst.
Barack Obama is a bad President. He is a really bad Democratic President. Heading into his fourth year and there are no victories, just a series of unending mis-steps or steps not taken.
We Democrats are forced, however to support him because the Republican Party candidates are unfathomably evil. The Republican candidates, I would argue are demonic.
So what's our choice? President Obama makes one recess appointment Progressives like and suddenly he is the Messiah, again?
Most of the people destroying America today should have and could have been put in jail in President Obama's first hundred days. Instead, some made it into his inner circle of advisers. The rest are working overtime to take him down. He thought he could stand above the fray, but he didn't have the legs, stomach or understanding of the issues for that.
Now, we're all screwed. I have no idea what I am going to do when I am in the ballot box in November.
The Charlotte, N.C., bank is demanding that these customers pay off their credit line balances all at once instead of making monthly payments. If they can't pay in full, they are being offered new repayment plans for as long as five years, but with far higher interest rates than their original credit lines had.
Business owners complain that BofA's credit squeeze is abrupt and could strain their small companies and even put them out of business. The credit cutoff is coming at a time when the California economy can't seem to catch a break, and bucks what the financial industry says is a new trend of easing standards on business loans..."
The Bank of America seems to me to be the most dangerous terrorist organization threatening America today.