Video: Paul Krugman on Economy and Obama’s Economic Plan | November 7
Transcript: President-Elect Barack Obama First Press Conference, Chicago, IL
Filed under: Barack Obama, Iran, Obama Transition, U.S. Economy, U.S. Financial Crisis
(Source: CNN)
CHICAGO, Illinois (CNN) — Sen. Barack Obama spoke at a his first news conference as president-elect Friday afternoon. The following is a transcript of the conference:
Obama: Thank you very much, everybody. Thank you very much.
This morning, we woke up to more sobering news about the state of our economy. The 240,000 jobs lost in October marks the 10th consecutive month that our economy has shed jobs. In total, we’ve lost nearly 1.2 million jobs this year, and more than 10 million Americans are now unemployed. Read more
Text: Prof. Nouriel Roubini’s Congressional Testimony, October 30 | Dr. Doom Speaks
Prof. Nouriel Roubini testified today before the U.S. Congress Joint Economic Committee.
Text: President Bush Speech on the Economy, October 10
Filed under: George W. Bush, U.S. Economy, U.S. Financial Crisis
10:25 A.M. EDT (Source: White House Press Office)
THE PRESIDENT: Good morning. Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.
Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively. Read more
Full Text: Senate Bailout Bill – All larded up to 451 pages!
Filed under: Bailout Bill, U.S. Economy, U.S. Financial Crisis
Treasury Secretary Henry Paulson’s original plan was three pages. The House rejected bill had turned into 102 pages. Tonight, the Senate is poised to pass a bill that is 451 pages long. Wonder how much pork the sanctimonious McCain is voting for tonight?
Click Here for Full Text of Senate Bailout Bill
Warren Buffet: Bailout Goodhousekeeping Seal of Approval?
Filed under: U.S. Congress, U.S. Economy, U.S. Financial Crisis
A CNBC pundit just told America that Warren Buffett is the Bailout’s ‘Good Housekeeping Seal of Approval’ for making deals during the “crisis.” Buffett made a new deal today with GE. He’s already made this deal since Paulson’s bid to become King Shit of Economic Mountain.
Buffett does support the Bailout Bill, but as for these deals – Buffett’s just doing what Warren does best – he’s finding the value and investing. He’ll make out like a bandit, only he’s the sort of investor that reaps honest profit.
Still not sold on the bailout …
Transcript: President Bush Statement on Bailout Failure
Filed under: George W. Bush, U.S. Congress, U.S. Economy, U.S. Financial Crisis
(Source: White House Press Office)
7:34 A.M. EDT
THE PRESIDENT: Good morning. Yesterday, leaders here in Washington reached an extraordinary agreement to deal with an extraordinary problem in our economy. Working closely with my administration, congressional leaders from both parties produced the Emergency Economic Stabilization Act — a bold bill that will help keep the crisis in our financial system from spreading throughout our economy. Read more
Video: First Presidential Debate – Oxford, MS
Filed under: Barack Obama, Bush Foreign Policy, Energy Policy, John McCain, Peak Oil, Presidential Campaign 2008, Terrorism, U.S. Economy, U.S. Financial Crisis
