Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

Newest First | Oldest First
  • Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both the House and Senate originally passed and far smaller than what many economists say is needed. But it still marks the nation’s largest economic rescue program since Franklin Roosevelt...
    Feb 13, 2009 | Story
  • As the Senate prepares to vote on the $800 billion stimulus and recovery package, President Obama urged Congress to pass the bill Monday, first at a town hall meeting in Elkhart, Indiana and later at the first news conference of his presidency. He warned that not acting immediately to rescue the economy could lead to a "catastrophe" and emphasized that only the government could bail out the economy at this moment. [includes rush transcript]
    Feb 10, 2009 | Story
  • With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent. [includes rush transcript]
    Feb 10, 2009 | Story
  • After an $850 billion bailout for Wall Street and another $25 billion for the auto industry, struggling homeowners still await large-scale government assistance. The Obama administration says it’s working out the details of its plan to stem foreclosures. In the absence of government action so far, some are taking action on the local level. In Michigan, Wayne County Sheriff Warren Evans announced Monday he won’t enforce sales of foreclosed...
    Feb 03, 2009 | Story
  • "Getting the economy back on its feet, giving taxpayers a break, saving your retirement fund and your kid’s college tuition? Done. And it won’t cost you a penny." David Cay Johnston outlines his own "fiscal therapy" to end the economic crisis. [includes rush transcript]
    Feb 02, 2009 | Story
  • The House has passed an $819 billion stimulus package, marking one of the most expensive pieces of legislation ever to move through Congress. Not a single Republican voted for the bill. We speak to William Greider, national affairs correspondent for The Nation magazine. [includes rush transcript]
    Jan 29, 2009 | Story
  • As President Barack Obama reveals more details of his $825 billion economic stimulus plan, we turn to David Korten of YES! Magazine. In his new book, Korten argues that the nation faces a monumental economic challenge that goes far beyond anything being discussed in Congress. He writes that now is an opportune moment to move forward an agenda to replace the failed money-serving institutions of our present economy with the institutions of a new...
    Jan 26, 2009 | Story
  • In a new book, the well-known community activist and attorney Van Jones lays out a plan for a green economy he says could help solve the nation’s economic inequality while also addressing the long-term environmental threats to our survival as a planet. [includes rush transcript]
    Oct 28, 2008 | Story
  • As the Bush administration announces a $250 billion plan to partially nationalize the nation’s banking system, we speak to Paul Craig Roberts, former Assistant Secretary of the Treasury Department in the Reagan administration and a former associate editor of the Wall Street Journal. Roberts says the latest bank measure suggests the bailout is "either incompetence or fraud." [includes rush transcript]
    Oct 17, 2008 | Story
  • In the largest loss since the crash of 1987, the Dow Jones Industrial Average fell over seven percent on Thursday, closing below 9,000 for the first time in five years. Over the past six trading days, the Dow has plummeted over 2,200 points, or about 21 percent. Earlier today, global stock values fell in trading as fears grow of a worldwide recession. [includes rush transcript]
    Oct 10, 2008 | Story