Water Over Gold asked: America’s economy before the recession was a 70% consumer economy (built on the back of average consumers taking on massive amounts of debt the couldn’t afford to pay).
Is Obama really trying to bring this back?? Is he crazy??
http://www.nakedcapitalism.com/2009/09/guest-post-steve-keen-out-thinks-larry-summers.html
Following the advice of neoclassical economists, Obama has got not a bang but a [...]

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ORWELL asked: LEECH: Well, the effect of this has been, on March 31, we returned the $15 million.
In a separate transaction, a week later, we sent back the $750. That is $1 per share for the preferred class B warrants. Two days later, Treasury sent that money back to us by way of a wire [...]

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