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| WAMU logo Ever since my favorite local bank, Washington Mutual (I know it is not a local bank) was taken over by JP Morgan I have been wondering about how its new overlord would handle the name of the organization. I was thinking that it could keep the Washington Mutual name since it has for me been a good bank and therefore if others feel [...] See, Ed, I was right: The real problem is on the demand side of the economy. Consumers won’t or can’t borrow because they’re at the end of their ropes. Their incomes are dropping (one of the most sobering statistics in Friday’s jobs report was the continued erosion of real median earnings), they’re deeply in debt, and they’re afraid of losing their jobs. Introductory economic courses explain that aggregate [...] Ed Schultz said today that governors and state legislatures should do what they can to prop up the auto makers to give consumers an incentive to buy cars. He was suggested a tax credit for buying a car made in the U.S. In the first place, Ed, most states are looking at budget deficits right now – the last thing they need is a revenue killer. [...] | Available Streams 2    | ||||
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