Obama Pledges Transparency of Economic Recovery Package
In a meeting with his top economic advisors, Jan. 6th, President-elect Barack Obama pledged to ban earmarks from his economic recovery package and to establish an oversight group to ensure the money would be spent wisely.
Response: TARP, Full Employment and Other Sticky Details
In an otherwise excellent article debunking Bush as a phony socialist [as he is being dubbed on right-wing talk radio], Joel Wendland writes the following theses that I think deserve 'a deeper look.'
Recession Expected to Hit Bottom in Mid-2009
The US economy is already in recession for a year and is expected to hit bottom in mid-2009, which would make it the longest recession since World War II, Standard & Poor's chief economist David Wyss said in a recent interview.
Vietnam: Gov’t Vows to Curb Economic Recession
Preventing an economic recession, maintaining economic growth and ensuring social security will be the government’s top priorities in 2009, said Prime Minister Nguyen Tan Dung.
Bush a Socialist? Don't Make Me Laugh
The Republican Party is lashing out again. This time at itself. Several media sources recently reported that at an upcoming Republican National Convention meeting a resolution has been submitted that accuses George W. Bush of promoting socialism through the Wall Street bailout.
Chávez Reflects on Past and Projects Future in End of Year Speech
In his end of year speech Venezuelan president Hugo Chavez highlighted the advances in living standards that have been achieved, announced some key projects for the next year, and called for the continuation of the socialist project in Venezuela.
Economic Forecast 2009 – Sunshine or Hurricane
The economic outcomes of 2009 for working people, one year from now, is in the hands of the acutest political struggle which is emerging over how exactly government should intervene in the US economy to avert a depression?
