The Collapse of the U.S. Economy and Government Finances
White House Pushing GM Toward Bankruptcy
April 14, 2009World Socialist Web Site - The White House is laying the groundwork for General Motors to declare bankruptcy by June 1. Obama wants to dump the company’s health care and pension obligations in order to create a “good,” more profitable GM...
Obama to Push to Make 12 Million Illegal Immigrants Legal
April 12, 2009New York Times - Republicans say they will seek to mobilize popular outrage against any effort to legalize unauthorized immigrant workers while so many Americans are out of jobs...
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion
April 1, 2009Bloomberg - The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year.
AIG Crisis Could Be the Tip of an Insurance Iceberg
April 1, 2009Los Angeles Times AIG’s problems extend across most of its business lines, including its massive life insurance and retirement services operations, which reported a staggering $18-billion quarterly loss this month...
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