Bush buoyed his economy to insure his re-election at the expense of the American Dream. The minimaly productive years of his presidency should not have occurred. If the USA economy wasn't 'toyed' with for a faux sense of economy, the 'mess' that exists today would never have happened.
Crashing the USA economy was a way of Republican restructuring, hoping the entire time the government infrastructure would tumble with it, including Social Security (Remember the alarm by Bush after the 2004 elections, does the American electorate want the same surprise by McCain?) and removing much of the need for federal taxes with it.
We have witnessed the gross deterioration of 'long lived fiscal' infrastructure of the USA including institutions such as Fannie Mae and Freddie Mac; while 'insiders' to the administration maneuvered 'for the kill.'
Where is the conscience of Americans to disavow the reality that is before them in some kind of 'game of chance' that Republicans are putting forward as a solution to the nation's problems?
By Gertrude Chavez-Dreyfuss
NEW YORK, Sept 12 (Reuters) - The U.S. dollar fell on Friday, posting its worst one-day decline against the euro in six months, as weak economic data and uncertainty over the future of troubled investment bank Lehman Brothers prompted investors to lock in recent steep gains.
Worries about Washington Mutual Inc , the largest U.S. savings and loan institution, also added to selling pressure on the dollar after the bank projected further write-downs,
Lehman shares tumbled to a near 14-year low on worries it might fail to find a buyer because the U.S. government was reluctant to provide financial support.
The U.S. retail sales and producer price reports also weighed on the greenback as they revived expectations for another interest rate cut by the Federal Reserve this year....
NEW YORK, Sept 12 (Reuters) - The U.S. dollar fell on Friday, posting its worst one-day decline against the euro in six months, as weak economic data and uncertainty over the future of troubled investment bank Lehman Brothers prompted investors to lock in recent steep gains.
Worries about Washington Mutual Inc , the largest U.S. savings and loan institution, also added to selling pressure on the dollar after the bank projected further write-downs,
Lehman shares tumbled to a near 14-year low on worries it might fail to find a buyer because the U.S. government was reluctant to provide financial support.
The U.S. retail sales and producer price reports also weighed on the greenback as they revived expectations for another interest rate cut by the Federal Reserve this year....
By James Quinn, Wall Street Correspondent
Last Updated: 8:31pm BST 14/09/2008
Global investment bank Lehman Brothers is teetering on the verge of collapse after Barclays pulled out of an 11th-hour rescue.
Last Updated: 8:31pm BST 14/09/2008
Global investment bank Lehman Brothers is teetering on the verge of collapse after Barclays pulled out of an 11th-hour rescue.
The departure of Barclays left US Treasury Secretary Hank Paulson and Tim Geithner, the head of the Federal Reserve Bank of New York, spearheading desperate last-ditch attempts to put in place some form of a workable rescue package.
Traders fear that the collapse of Lehman would send shockwaves around the world and spark a global sell-off of shares.
Lehman which employs 4,000 staff in London and 24,00 around the world, could be placed into liquidation as soon as Monday. The bank would be the single largest casualty of the current credit crisis and its collapse one of the biggest failures in Wall Street history...
Traders fear that the collapse of Lehman would send shockwaves around the world and spark a global sell-off of shares.
Lehman which employs 4,000 staff in London and 24,00 around the world, could be placed into liquidation as soon as Monday. The bank would be the single largest casualty of the current credit crisis and its collapse one of the biggest failures in Wall Street history...
