Tag: Great Depression

Manchin Wants Deal on Debt, Social Security, Medicare and Medicaid

Tina Marie (Ms. Cat)

West Virginia Senator Joe Manchin [Democrat] said Thursday that Congress needs to deal with the nation’s “crippling debt” by making changes to shore up Social Security, Medicare, Medicaid and other programs he said are “going bankrupt.”

Manchin Wants Deal on Debt, Social Security, Medicare and Medicaid

Joe Manchin, speaking at a conference for CEOs, blames the stimulus checks us plebs received for causing inflation! It couldn’t have been the PPP loans, that were forgiven, or the handouts for the Military Industrial Complex every year! 🙄

FYI, Biden didn’t say anything about protecting Social Security from his own party:

“I will not cut Social Security,” the president said. “I will not cut Medicare, no matter how hard they work at it.”

‘I Will Not Yield’: Biden Vows to Fight Any GOP Attack on Social Security, Medicare

Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008

Tina Marie (Ms. Cat)

By Pam Martens and Russ Martens: October 27, 2022

At Fed Chair Jerome Powell’s press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:

Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008

Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”

Tina Marie (Ms. Cat)

The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”

Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”