Biggest news stories of 2008

judy · 01-04-2009, 05:18 PM

Thanks Angie. That's quite a list.

This one I find very interesting:

"2 ECONOMIC MELTDOWN

The bad news kept coming - collapses of Wall Street giants; huge stock market losses; plummeting home prices and a surge of
Advertisement
foreclosures; desperate times for U.S. automakers. It added up to the worst economic crisis since the Great Depression, and will cost the federal government well over $1 trillion in various rescue and stimulus packages."

During the depression beginning in 1929, the federal government had no money for bailouts, did they? I find this a strange thing. The government has billions and
we're in a depression, with no work, foreclosures, etc.

What's going on?

01-04-2009, 05:18 PM	#3
judy Donating 4WT Yakker Join Date: Jan 2007 Location: Denver, NY Posts: 8,097	Thanks Angie. That's quite a list. This one I find very interesting: "2 ECONOMIC MELTDOWN The bad news kept coming - collapses of Wall Street giants; huge stock market losses; plummeting home prices and a surge of Advertisement foreclosures; desperate times for U.S. automakers. It added up to the worst economic crisis since the Great Depression, and will cost the federal government well over $1 trillion in various rescue and stimulus packages." During the depression beginning in 1929, the federal government had no money for bailouts, did they? I find this a strange thing. The government has billions and we're in a depression, with no work, foreclosures, etc. What's going on? __________________ *Judy*

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