Posts Tagged ‘financial crisis’
Thanks to Wikicommons.
Question: Do you remember that recent financial crisis that was going to (play scary music) DESTROY THE WORLD AS WE KNOW IT!?! (in case you don’t… crawl out from under your rock and check out US Democrazy’s past coverage).
Fortunately for us, politicians everywhere agreed to do everything possible to ensure that such a crisis did not happen again.
Unfortunately, these politicians cannot seem to agree on… what exactly “everything possible” means…
Like everything in Washington these days, reform of the financial and banking industry (which helped create the almighty mess we are stuck in) is in a partisan deadlock.
There was some progress made in 2009 when the House of Representatives passed a financial reform bill last December.
Since then, that bill has languished in the clutches of the US Senate (an organization about as fast as molasses up hill in January).
But HARK! (play triumphant music) all that is about to change! A Senate version of the bill may be emerging! …read more.
We at USDemocrazy do not have money problems. We have no money…no money, no problems.
Still, we have enormous respect for those who can manage huge sums of money on an awesome scale. So for this week’s Awesome Sites we are sharing links to World-wide wonders that manage mega-money. …read more.
Okay folks… it’s QUIZ TIME!
Which American state has:
The eigth largest economy in the Universe…
Has a former Mr. Universe as its Governor…
and is Universally regarded as a financial basket-case?
If you guessed California, YOU ARE A WINNER*! (Except, of course, if you happen to live in California.) The West coast bureau of USDemocrazy is sending news to our HQ in Baltimore of gargantuan debt and political gridlock on a scale that would make Hollywood blush.
California politicians led by Governor Arnold “the Terminator” Schwarzenegger have been trying to pass a blockbuster budget to stave off economic collapse. Without this combination of spending cuts, tax hikes and additional borrowing … the state will go belly up (and this is one heckuva belly!). But nothing is going according to script and everyone fears a disaster movie is in the making!
California is a huge and diverse state that is inflicted with political divides worthy of the Grand Canyon. For the past five years our favorite action hero, The Governator, has presided from his throne as a moderate stuck between two warring political factions (you’ve seen this movie before…). He seems to be stuck again.
Our hero may not win this battle… and all Californians may be the losers. Time is running out and there are no calvalry on the horizon. There is only one thing in this mess that is certain… when the film version is made we all know who will play Arnold (very badly) in the movie.
*Quiz winners get 2 weeks free access to www.USDemocrazy.net
photo: courtesy of Girondatalks.com
