Here
and
Now

opinions

U.S. leaders running out of options to deal with multiple economic crises

14 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2008/9 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

©2019 GPlusMedia Inc.

14 Comments
Login to comment

...and who wrote this? No byline, no attributes, nothing. Is it from the wire? Was it a freelance job? Did the JT staff put this together over lunch one day?

<strong>Moderator: It is from the Associated Press.</strong>

0 ( +0 / -0 )

There is quick fix - miracle medicine i.e. regulate Oil and commodities futures trade. Last three days movements in oil and stock prices is an instant proof. As for subprime mortgage problem, FED may opt for some exceptional measures and use tax payers money like japanese bank did.

0 ( +0 / -0 )

“I fear that we’re sitting on a financial powder keg,”

The warning signs have been there for years, but people chose to ignore them in most cases-from the top on down. Too bad, so sad.

0 ( +0 / -0 )

My advice to the U.S. government is the same as the advice I have given hundreds of satisfied clients over the years:

Liquidate all your assets and buy gold, canned food and ammunition.

0 ( +0 / -0 )

Also Altria stock.

0 ( +0 / -0 )

Liquidate all your assets and buy gold, canned food and ammunition.

So how's the lunch special at the Waffle House these days?

0 ( +0 / -0 )

The American economic crisis is about 50% reality and 50% self fulfilling profecy. With junk articles like this and the media constantly warning about banking collapses, higher oil prices etc. it just stirs the panic. It's irresponsible journalism at its worst. Since Iraq fatigue has set in the media needs new fear to peddle and just like magic here's your economic meltdown.

0 ( +0 / -0 )

This is a very serious issue. Especially for pension and retirement funds that have stock options. Even usually safe and moderate interest bearing stocks across the board have taken a hit. The government bailout plan for freddie mac and fannie may is going to cost every US tax payer $25k over their lifetime becuase of poor choices by the US government to allow the these companies to expand to the point where they are now a serious threat to the entire US economy.

0 ( +0 / -0 )

"Democrats in Congress want to pass a second economic stimulus package, but it is being resisted by Bush and many congressional Republicans..."

Huh?

They disparaged and fought against the first Bush one.

Mommy make it stop.

USAR

0 ( +0 / -0 )

bank failures unfortunately are a part of life. i am shocked that despite years of inflation, the fed only insures up to $100k.

i look forward to aliens from outer space liberating man from dull market economics.

0 ( +0 / -0 )

There were bank problems in the 80,s and it was worse then this. The biggest problem is the crooked mortgage companies that gave anyone loans knowing full well the appraisal the mortgage company gave was a a fake inflated amount. They told the people that in 2 years their adjustable rate mortgage could be refinanced to a fixed rate. They lied and the people couldn't afford the large payments anymore. As soon as the crooked mortgage companies get the boot the better.

0 ( +0 / -0 )

Government bailouts of failing businesses. Jeezus. Like there's not enough welfare for the rich already. Billions of dollars given to the very people who caused all the financial trouble in the first place.

Meanwhile: poverty?

0 ( +0 / -0 )

this is really a great time to buy a house if you can afford it an don't plan on moving anytime soon. With the high inflation the house will only be worth more = the costs to make the house must go up. Next year may be even better, but if interest rates rise?

Prices of cars will be going up soon also (2009 most likely). If you need one buy now - expect a 5% rise in the cost of cars every year for a few years. We are talking an eventual 20-30% rise in the cost of a car !! These are scary figures.

0 ( +0 / -0 )

how to cope? simple. scream "HELP US PLEASE!"

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites