Thursday, April 17, 2008

The Economy in Crisis. Who Pays? Who Profits?

What’s behind the economic downturn? Why does the White House insist that helping homeowners who are on the verge of foreclosure constitutes unwarranted “government intervention” but then turn around and guarantee $30 billion to Wall Street powerhouse Bear Stearns? And just who is responsible for all those bad mortgages anyway?

What about all the foreign debt that burdens the US economy? What roles have deregulation and globalization played in the current crisis? And what about the cost of the Iraq War?

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