CEPR - Center for Economic and Policy Research

The Very Scary Economy


October 31, 2008

The Very Scary Economy

Trick or treat?  The American people have been tricked -- big time. First, by bewitching promises of no money down loans, zero percent interest, and housing prices that would supernaturally rise indefinitely; and now by CEOs and Wall Street warlocks who cried “Crisis!” and demanded a bailout, then retreated to their haunted mansions -- or luxury spas!

Meet the Bloggers talked to CEPR Co-Director Dean Baker about just how terrifying this economy really is.  Joining Baker were bloggers Hale Stewart (The Bonddad Blog) and Isaiah Poole (Campaign for America's Future), who weighed in on what’s ahead for the economy and what the next administration can and should do to get us back on the right track.