Monday, June 9, 2008

Economy Blues

The above clip is long but its worth watching.

This weekend was a devastating weekend for various economic factors. Oil went up nearly $11 on Friday, the same day unemployment numbers came out and took the biggest one month jump in 22 years, and the Dow dropped over 200points.

17people is working on some articles based on what will decide this election, the economy, but think this video shows a couple things.

1st, how bad a shape that we are in.

2nd, the utter bullshit that the Bush administration is spewing across the country.

If you don't want to watch the whole video go to the 7:50 mark of the video and see expert opinion from Ali Velshi to President Bush and Secretary Chao's spin on the economy.

I have watched Velshi, CNBC, and financial commentators more and more this year as my paycheck goes shorter and shorter in this economy. I was taken at his frustration and anger, but appreciated it as I think many people right now feel the same way who are really hurting.

1 comment:

Anonymous said...

You will discover that CNN provides a more balanced view of the economy vs. CNBC (i.e. a focus on people who are workers vs. company officers; a focus on the importance of labor and wages vs. a focus on capital and returns on capital).