Missoulian: Upper
Miller Creek wildfire expands to 200 acres
Missoulian: Employment
gap between rich, poor widest on record
Employment Situation Summary, August 2013
Employment Situation Summary, August 2013
Missoulian: Obama
to tout economy while marking Lehman fall
“The
Financial Crisis: Five Years Later.”
“Five years ago this week, a financial crisis unlike any in generations rocked Wall Street, turning a recession that was already hammering Main Street into the worst economic crisis since the Great Depression. In the months before President Obama took office, the economy was shrinking at a rate of over 8%. Businesses were shedding 800,000 jobs a month. Banks had stopped lending to families and small businesses. The iconic American auto industry -the heartbeat of American manufacturing– was on the brink of collapse. It was a crisis that would ultimately cost millions of Americans their jobs, their homes, and their savings –and the decades-long erosion of middle-class security was laid bare for all to see and feel.”
“Five years ago this week, a financial crisis unlike any in generations rocked Wall Street, turning a recession that was already hammering Main Street into the worst economic crisis since the Great Depression. In the months before President Obama took office, the economy was shrinking at a rate of over 8%. Businesses were shedding 800,000 jobs a month. Banks had stopped lending to families and small businesses. The iconic American auto industry -the heartbeat of American manufacturing– was on the brink of collapse. It was a crisis that would ultimately cost millions of Americans their jobs, their homes, and their savings –and the decades-long erosion of middle-class security was laid bare for all to see and feel.”
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