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Keyword: economicdownturn

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  • Obama says he beat 'vicious' economic downturn

    07/09/2010 10:41:49 AM PDT · by NormsRevenge · 131 replies · 2+ views
    AFP on Yahoo ^ | 7/9/10 | Stephen Collinson
    LAS VEGAS, Nevada (AFP) – US President Barack Obama said Friday his policies had pulled America out of the most vicious economic dive since the 1930s, setting battle lines for mid-term elections in November. Obama put the Republicans on notice he will vigorously defend his record, despite the fact many Americans do not yet feel the recovery he is touting, while economic data hints that the rebound may be slowing. "Our first mission was to break the momentum of the deepest and most vicious recession since the Great Depression," Obama said in the gambling hub of Las Vegas, wrapping up...
  • Shocking numbers: Real unemployment tops 22%:

    11/09/2009 3:14:10 PM PST · by honestabe010 · 17 replies · 1,165+ views
    World Net Daily via The Woodward Report ^ | November 9, 2009 | Jerome Corsi
    The true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi's Red Alert reports. Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 recession. Economist John Williams, publisher of, estimates that the peak of unemployment in nonfarm unemployment in the Great Depression of the 1930s would, by his methodology, have registered at 34 to 35 percent in 1933. So, how does the Obama administration get away with reporting the lower unemployment percentage? Corsi explained that...
  • At The White House A Celebration of Latin Music

    10/13/2009 8:07:20 PM PDT · by caper gal 1 · 15 replies · 739+ views
    The NY Times ^ | October 13, 2009 | Jon Paralese
    Coalition-building came with dance steps, sequins and plenty of rhythm at Fiesta Latina, a concert held Tuesday night in a tent on the South Lawn of the White House as part of the White House Music Series. From the open tent, the White House was the performers’ backdrop. Gloria Estefan, Marc Anthony, José Feliciano, Los Lobos, the New York bachata band Aventura, the Mexican singer Thalía, the reggaetón singer Tito El Bambino and the percussionist Pete Escovedo each performed a song or two, sharing a backup band led by Sheila E., Mr. Escovedo’s daughter. Most of the musicians were Americans,...
  • NASDAQ from 5000 in early 2000 to under 1990 by mid 2001.

    10/08/2008 11:06:23 AM PDT · by shoedog · 9 replies · 290+ views | 10/8/2008 | self
    A reminder that McCain could also talkabout. The internet bubble that saw a rocket of NASDAQ to 5000, then the internet bubble burst and in less then a year had given 60% back. This actually led to one quarter of negative GNP before Bush Tax cuts bailed us out. The housing bubble and finance is much bigger and dramatic because of the cornerstone companies that have been hit. However people were up in arms on seeing their 401k and internet stocks getting dramatically thumped. Tax cuts got us out of that mess, McCain needs to remind voters of that. Nasdaq...
  • A Katrina Recession? (The economic consequences of the hurricane)

    09/12/2005 7:13:25 PM PDT · by RWR8189 · 9 replies · 812+ views
    The Weekly Standard ^ | September 26, 2005 | Irwin M. Stelzer
    WE DO NOT YET KNOW enough to make a definitive estimate of the amount of time it will take to get the pipelines pumping at full capacity, all of the refineries up and running, the port operating on a normal basis, and other parts of the Gulf Coast economic structure back into pre-Katrina shape. But we know a lot more than we did in the first days after the storm.We know that, unlike the local residential sector, the nationally important economic infrastructure will recover surprisingly quickly. This reflects, at least in part, the unambiguous incentive that the private sector oil,...