Democracy Now! | Bailout for Mortgage Giants, IndyMac Bank Collapse, Dollar Hits New Low, Inflation at 26-Year High, Dow Falls Below 11K...A Look at the Financial Crisis

It has been a tough seven days for the U.S. economy. On Friday, the FDIC seized control of the failed California-based IndyMac Bank. It was second largest bank failure in U.S. history. Analysts project another 150 banks could collapse. On Sunday, Treasury Secretary Henry Paulson announced extraordinary moves to bail out the mortgage giants Freddie Mac and Fannie Mae. On Tuesday, the Dow Jones Industrial Average dipped below 11,000 for the first time since 2006 and the dollar hit a record low against the Euro. And Wednesday it was announced that inflation is now rising at its fastest pace in 26 years. We take an in-depth look an the economic crisis.

So what does the king of failure say?

President Bush Makes Economy & War Predictions Based on Nothing - ToTheCenter

Despite providing no evidence or potential indication that would justify his prediction, Bush responded to questions about whether or not the economy would turn around by mentioning that he is optimistic that it will and that he believes the economy is currently growing.

So not only is Bush a world class failure but he's stark raving insane....

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I'm Proud I never Voted For Bush!



PAT PAULSEN FOR PRESIDENT