$2 Trillion in Retirement Accounts Lost
7 Oct 2008 10:20pm GMT This afternoon, the Associated Press reported that retirement accounts have lost $2 trillion in the last 15 months. Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday. [...] As Congress investigates the causes and effects of the financial meltdown, the House Education and Labor Committee was hearing from retirement savings and budget analysts on how the housing, credit and other financial troubles have battered...
Dow Plummets to Lowest Point Since 2004
6 Oct 2008 4:33pm GMT This weekend, campaign advisers to John McCain say they want to "turn the page" on the economic crisis and explore new depths of dishonorable and sleazy campaigning. This morning, the Dow Jones sank below 10,000 points for the first time in four years. Wall Street joined a “selloff around the world” today, with the Dow Jones dropping more than 400 points and falling to below 10,000 for the first time in four years. As the AP reports, the “markets have come to the sobering...
John McCain: A Risk We Cannot Afford to Take
22 Sep 2008 4:30pm GMT John McCain says he wants to deregulate the healthcare industry just like he and his allies like Phil Gramm did to the banking industry. Watch this latest advertisement from the Obama campaign:
GOP Dirty Tricks in Florida
18 Sep 2008 9:52pm GMT A new presidential election cycle, same old, Republican dirty tricks. It appears John McCain's deception infects every part of his campaign. Tampa Tribune: Staff at the Hillsborough County Democratic Party offices in Tampa have been getting barraged with phone calls from party members who have received what they say are deceptive mailers. Some of the mailers sought support for Republican presidential candidate John McCain; others simply asked for a donation to the Republican National...
MCCAIN WATCH: SAME-AS-BUSH PLAN TO PRIVATIZE SOCIAL SECURITY
14 Aug 2008 4:53pm GMT Today John McCain is celebrating the anniversary of the creation of Social Security -- the program that has helped keep retirees, surviving spouses and children and the disabled from poverty for over 70 years -- by reviving Bush's risky scheme to privatize Social Security. McCain has a long record of voting against protecting Social Security, and he recently even called Social Security a "disgrace." As all Americans are struggling economically, McCain wants to gamble with the...