Baptism by Fire: Eight Presidents Who Took Office in Times of Crisis
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Les Leopold is the executive director of the Labor Institute and Public Health Institute in New York, and author of The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It (Chelsea Green, 2009). During the worst year since the Great Depression, with 30 million people out of work or forced into part-time jobs, Wall Street is awarding itself $150 billion in bonus money and it is coming from taxpayer money. That's the equivalent of $2000 for a family of four.
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Huffington Post published an article by Dylan Loewe entitled DEFINING THE GREAT DEPRESSION. Loewe argues convincingly that Obamas quick actions saved the day. He points to the fact that the month Obama was sworn in the economy lost as many jobs as the month before, namely 700000. The credit markets had frozen, car makers and banks needed and received bailouts. Obamas task was to avoid a second great depression. Though major problems still persist, against all odds, despite all obstruction, one year later it appears it worked, the second great depression was averted. YET NOBODY SEEMS TO HAVE NOTICED - - - I want to discuss an idea I have for you to make some money until you get a job. You may or may not have looked at my previous proposals, first to start designing fashion . . . next to start designing and manufacturing perfume . . . and finally, to open a German Pancake House - - - I came up with another idea of getting you some money, this time even more exciting than my previous ideas. Today I want to discuss with you to start your own reality show. And no, I am not talking about anything close to the balloon boy story
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Baptism by Fire: Eight Presidents Who Took Office in Times of Crisis
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