$9 Trillion
The national debt has hit $9 trillion for the first time.
When President Bush took office, the debt was $5.6 trillion.
When President Bush took office, the debt was $5.6 trillion.
posted by mikevotes at
1:43 PM
2 Comments:
The dollar is at an all-time low (the Canadian dollar costs $1.10...$1.47 for a euro...$2.07 for a pound...)
The Fed has injected more money into the financial system this week than they did after 9/11.
Financials are taking write down after write down over the subprime mess.
Oil is set to hit $100 any day now.
Gold is near $850 an ounce.
Wheat, soybeans and other commodities are at or near all-time highs.
The Fed says only core inflation matters, so ignore inflated commodity and equity prices.
We're fucked.
It's like the 70's all over again.
By
Reality-Based Educator, at 6:15 PM
Yeah, and then you've got the Fed chief, who has been out of place sunny on all this, coming out today, making headlines, predicted a recession.
It does not look good. Economy will be a big issue next year.
By
mikevotes, at 6:20 PM
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