The American Economy Is In Crisis Video Print E-mail
Contributed by J. R. Ransom   
Economy in Crisis
Economy Crisis Report
The American Economy Is In Crisis video (27min 59sec) - Some of the nation's best economists are finally telling it like it is. The U.S. Economy is teetering on the abyss. "Since President Clinton signed NAFTA into law, in 1994, America has lost 10 million manufacturing jobs. The federal government is $804 billion in debt. Consumers are spending 121% of what they make, saving nothing for the uncertain future. The Bush Administration bought it's way out of recession by by borrowing money and driving the deficit to an unsustainable level." We look into the legacy of the Reagan-Bush-Clinton-Bush free ride for free trade. What do we find? Foreign ownership of critical assets, a devastated manufacturing sector and $804 billion in U.S. dollars at the whim of foreign banks. To make matters worse, personal debt is skyrocketing, and bankruptcy protection has been gutted by the GOP. There's still hope--but time is running out. Kevan Quinn warns that the thought police are watching, so hide your books!

 
< Prev   Next >
[ Back ]
 
taoslink.com | taoswebcam.com | taosmultimedia.com | taosdining.com | taosadvertising.com | taosmusic.com | taosradio.com | taossales.com | taosdaily.com | taosplazagroup.com

taosplaza.com © 1999-2008 Taos Music & Art, Inc. unless otherwise noted. Produced by Taos MultiMedia Studio.
Web Site founded by J. R. Ransom
Joomla Template by Joomlashack
Joomla Templates by JoomlaShack Joomla Templates by Compass Design