mebadgett's blog

The Obama budget is the continuation of the bailout plan which was carved out to please corporate companies. They now have to balance the budget on the side of the poor. So, interest rates will go up and bank portfolios will collapse. Indeed the war machine in the states is very powerful and they are controlling the entire system for implementing their objectives.

Dr. Paul Craig Roberts and Max Keiser discuss this:

Part 1: http://www.youtube.com/watch?v=89EIadJ1QeQ&feature=player_embedded

Part 2: http://www.youtube.com/watch?v=bjuEjTcW6As&feature=related

Professor Reich talking about the status of financial reform in America: http://www.youtube.com/watch?v=MS9zDhBO8Ss&feature=player_embedded

Dr. Reich - "Save Our Schools Now"!: http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv...

I'll see you on Facebook: http://www.facebook.com/home.php#!/mebadgett

"The US and the world are gripped by a deepening economic depression. There is no recovery and no automatic business cycle which will revive the economy. This bottomless depression will worsen until policies are reformed. The depression results from deregulated and globalized financial speculation, especially the $1.5 quadrillion world derivatives bubble. The US industrial base has been gutted, and the US standard of living has fallen by almost two thirds over the last four decades. We must reverse this trend of speculation, de-industrialization, and immiseration. Current policy bails out bankers, but harms working people, industrial producers, farmers, and small business. We must defend civil society and democratic institutions from the effects of high unemployment and economic breakdown.