Truer words have never been spoken, certainly not by this President. Wall Street listened up…and then despaired. The Dow closed down 300 points to 7,552. Its 52-week low is 7,392. You have to figure with GM asking for another US$16 billion from the American government, this could be the quarter of lower lows and lower highs.
February 18th, 2009 | Dan Denning | 15 comments | ContinuedAll Posts Tagged With: "american dream"
Banks Could Put an End to the American Dream
There’s a particular moment known to all Baby Boomers when Wile E. Coyote, in a rapture of over-reaching, has run past the edge of the mesa and, still licking his chops and rubbing his front paws in anticipation of fricasseed roadrunner, discovers that he is suspended in thin air by nothing more than momentum. Grin becomes chagrin. He turns a nauseating shade of green, and drops, whistling…
July 16th, 2008 | James Howard Kunstler | 9 comments | Continued