Thom Hartmann: How bad will things get in AA America?

[thomhartmann]

Run time: 06:37 https://www.youtube.com/watch?v=sd6bxx6JZJ4   Posted on YouTube: August 09, 2011 By YouTube Member: TheBigPictureRT Views on YouTube: 62   Posted on DU: August 09, 2011 By DU Member: thomhartmann Views on DU: 989

 
Richard Wolff, Economist joins Thom. The Dow continued its plunge to end up down 634 points for the day. It was the largest one-day loss since the financial crisis in 2008. And it was the sixth largest point drop in the history of the Dow Jones. And the first time since last November that the market closed below 11,000 points. Meanwhile, the guy who engineered the Republican hostage-taking that S&P credits for driving down our credit rating - Eric Cantor - is telling his Republican colleagues that they need to stick together and keep holding the American economy hostage by refusing to even cut the billionaire private jet tax loophole. So...just how bad will things get in a new AA-plus rated America? And who's to blame?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[Jack Rabbit]

1. K/R

!!

[Pooka Fey]

2. K&R

[Amonester]

3. K & R for the (obvious) plain truth

that not too many, if not none in today's totally corrupt mass media wants to tell... (for FEAR of 'retribution').

[baldguy]

4. You look at the stock market, it's all "Sell! Sell! Sell!". What are investors buying?

US Treasury Bonds

http://www.reuters.com/article/2011/08/10/markets-bonds-auction-idUSN1E7791DR20110810