Tag Archives: Great Depression

Jun 16 2009

Obama Seeking More Government Control Over Companies

The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression.
Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies such as insurance giant American International Group Inc. Read More

The dictator Obama at work trying to take more control over America and its people! Americans we better wake-up soon or we’re be in a World of hurt when he is completely in control of all our companies! Next he will be telling us what we will pay for food and needed products for our families! Wake-up Americans!

Jan 31 2009

KEVIN RUDD: Time for a new world order??

KEVIN RUDD has denounced the unfettered capitalism of the past three decades and called for a new era of “social capitalism” in which government intervention and regulation feature heavily.

Mr Rudd writes in The Monthly that just as Franklin Roosevelt rebuilt US capitalism after the Great Depression, modern-day “social democrats” such as himself and the US President, Barack Obama, must do the same again. But he argues that “minor tweakings of long-established orthodoxies will not do” and advocates a new system that reaches beyond the 70-year-old interventionist principles of John Maynard Keynes.
Read More

Check this out:
Bill creates detention camps in U.S. for ‘emergencies’(Military police state?)

Lets hear a few opinions on this….do you have one?

Nov 22 2008

Households to cut Christmas gifts spending

U.S. households could cut spending on Christmas gifts by about 11.3 percent this year, the Conference Board said on Friday, as the worst economic crisis since the Great Depression erodes consumer wealth.

The Conference Board’s Christmas gift spending intentions survey covering 5,000 households found that consumers were in a less-generous mood, planning to spend an average of $418 on presents, compared with last year’s estimate of $471. The survey was conducted in November.

“This is shaping up to be one of the most challenging holiday seasons in years and it’s going to take more than the usual discounts and incentives from retailers to get consumers to spend more freely,” said Lynn Franco, director of the Conference Board Consumer research center.

SOURCE: Reuters

I can see where it could be worst than what this research says, with more and more workers losing their jobs and no one in government including Obama is doing nothing about it. Well why should they worry, they have money to spend that they have made from the taxes of The American people. Most all the politicians are rich…so wish them all a Merry Christmas and a Happy New Year!