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September 17th 08, 04:58 AM
posted to rec.radio.shortwave
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(OT) : Obama Finds Osama in Hawaii -featuring- The Rest of the Story. . .
On Sep 16, 6:18*pm, wrote:
Mon Sep 15, 11:17 PM ET The Nation -- It was Black Monday on Wall Street -- the worst single- day crash since the first year of George Bush's presidency. The Dow dropped more than 500 points after Lehman Brothers collapsed to create the biggest bankruptcy in the history of the United States. And, don't look now, but it could get worse. While Bank of America tries to close a deal to purchase the crumbling Merrill Lynch investment firm, another financial giant -- AIG -- is in trouble and mortgage giant Washington Mutual just had its debt rating reduced by Standard & Poor's to "junk" status. These developments, all unfolding in the course of 24 hours, pile on top of rising unemployment figures, expanding inflation and the structural challenges created by deep federal debt, record trade deficits and the reality that foreign banks and governments have bought a defining stake in an economy that is no longer sovereign. John McCain responded with a full Hoover. "The fundamentals of our economy are strong," declared the Republican presidential candidate. Barack Obama replied with the best line of the day. "What economy are you talking about?" the Democratic presidential candidate asked McCain. |
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