Today, more than 300 economists and policy experts released a letter warning that “the still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the Deficit Commission.”
The group
As the presidential campaign heats up, the candidates are sure to intensify their differences on national security, the Iraq war and tax relief for the middle class, and they’ll no doubt tear into each other’s positions during the coming debates. But, based on the contest so far, don’t look for either Sen. Barack Obama or Sen. John McCain to take on the biggest, most troublesome economic problem facing many American families and financial institutions — the credit crunch.
The day before the federal government took over mortgage giants Freddie Mac and Fannie Mae, Alaska Gov. Sarah Palin railed against the mortgage giants’ drain on taxpayer money at a rally in Colorado Springs on Saturday. Only problem: the private corporations haven’t been costing taxpayers a dime and only might under a bailout program supported by Palin’s running mate, Sen. John McCain.
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