Financial Armageddon?
Should be an exciting Monday on Wall Street.
But not to worry-- I'm sure this will be spun as excellent news for McCain and the Republicans!
UPDATE:
But not to worry-- I'm sure this will be spun as excellent news for McCain and the Republicans!
UPDATE:
posted by spooked at 8:20 AM
2 Comments:
President Bush can declare a national emergency and martial law in the event of an economic crisis.
FEMA EXECUTIVE ORDERS
During the hearing, Senator Sheldon Whitehouse of Rhode Island asked a question:
WHITEHOUSE: Gentlemen, we’re in the middle of a near total mortgage system meltdown in this country. We have a health care system that burns 16 percent of our GDP, in which the Medicare liability alone has been estimated at $34 trillion. We’re burning $10 billion a month in Iraq.
This administration has run up $7.7 trillion in national debt, by our calculation. And there is worsening evidence every day of global warming, with worsening environmental and national security ramifications. In light of those conditions, do any of you seriously contend that drilling for more oil is the number one issue facing the American people today?
(Long silent pause during which nobody answers.)
WHITEHOUSE: No, it doesn’t seem so.
http://www.youtube.com/watch?v=wnJAIeEgjSM
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