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Financial Meltdown Topics

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

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  • As President Obama is scheduled to announce his $50 billion foreclosure prevention plan today, we go to Minneapolis to speak with Cheri Honkala of the Poor People’s Economic Human Rights Campaign. The group is taking matters into its own hands and finding housing for homeless people in foreclosed and vacant homes. We also speak to Dwayne Cunningham, a homeless man who recently moved into a vacant home. [includes rush transcript]
    February 18, 2009 | Story
  • President Obama is scheduled to sign the $787 billion economic stimulus plan into law at a ceremony in Denver today. Tomorrow in Phoenix, Obama is expected to tackle the home mortgage crisis and roll out a plan to stem the huge rise in foreclosures. While there has been much discussion in the media on the state of the US economy, what about the rest of the world? From Greece to Guadeloupe, from Italy to Indonesia, from Chile to China, from...
    February 17, 2009 | Story
  • 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...
    February 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...
    February 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]
    February 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...
    February 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]
    February 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]
    January 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...
    January 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]
    October 28, 2008 | Story