The Economy Sucks

Bear Stearns, the titan of Wall Street, was once worth $20 billion. By last Friday, it's stock was selling at $30 a share and this week it was purchased by J.P. Moran for $2 a share, a total value of $236 million. They either had to sell or file for bankruptcy. How could J.P. Morgan absorb all the bad debt that's driving Bear Stearns into the sewer? Easy. The Fed is... Read More
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How is Middle America Doing?

For 7 years Bush has been telling us how good the economy is. We all know it’s only good for the wealthy and the very wealthy. (See Mother Jones.) Now, a recent census by the U.S. Census Bureau proves what we already know. The middle class is hurting. While, the median household income rose 0.7% last year (it’s the second annual increase in a row)... Read More

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