Steve Forbes weighs in today with a sobering assessment of the current financial crisis and our march back in time to the height of the Great Depression.
As Forbes says, a crisis must usually reach a moral tipping point, before the best answers are enacted. Let's hope we're there and let us elect folks in 2010 that will empower working families and our now frail economy.
Showing posts with label great depression. Show all posts
Showing posts with label great depression. Show all posts
Tuesday, March 3, 2009
Steve Forbes Says 1933 is Coming Again - No Stimulus Package Blog
Friday, February 13, 2009
Thursday, February 12, 2009
Vizualizing a Trillion Dollars - No Stimulus Package Blog
From the comments section of an article I posted to Newsvine here:
A stack of thousand dollar bills four inches high is a million dollars. One million dollars.
One billion dollars is a stack of one thousand dollar bills 4000 inches tall or 333 1/3 feet high!
Consider the Obama/Pelosi/Reid/democrat stimulus/debt and Recovery Act of 2009. Round off to one trillion dollars. That is a stack of one thousand dollar bills four million inches tall or 63.1313 miles high!
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From Senator Mitch McConnell: “If you started spending the day that Jesus was born and you spend a million dollars every single day, you still wouldn't have spent a trillion dollars.”Call your Senators and Representative and demand that they vote NO on the "stimulus" package. (202) 224-3121
Photo: milliondollarbillshop.com
Tuesday, February 3, 2009
New Website Allows Readers to Search Stimulus Bill - No Stimulus Package Blog
Do you want to see what's actually in the stimulus bill, beyond what's reported here and elsewhere? Cruise by www.readthestimulus.org to browse the entirety of the House and Senate versions of President Obama's proposed $1,000,000,000,000+ "stimulus" plan.
Call your Senators and Representative and demand that they vote NO on the current "stimulus" package. (202) 224-3121
Monday, February 2, 2009
How Government Prolonged the Depression - No Stimulus Package Blog
Many credit New Deal policies with pulling the U.S. out of the Great Depression. However, FDR's plan was a mixed bag which in many cases prolonged the Great Depression.
Check out this great Wall Street Journal article by University of Pennsylvania professor of economics Harold Cole and UCLA professor of economics Lee Ohanian.
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