Financial News Update – 05/21/09

SACBEE SCOLDS VOTERS, THEN HIDES AFTER LIMBAUGH CALLS THEM ON IT

The incredible shrinking dollar

Waxman-Markey Admits Waxman-Markey is a Jobs Destroyer

Cap and Trading Your Job In for Unemployment Insurance

The TARP Bailout Parade: Is California Next?

Tit for Tat, “Buy American” Starts Backfiring

The Obama Administration’s $2 Trillion Health Care Fantasy

Morning Bell: California’s High Tax, High Spending Disaster

U.S. Rescue Aid Entrenches Itself

‘Regulatory czar’ nomination clears Senate panel

Jobless Claims Set Another Record

CBO: Unemployment will keep rising through 2010

Michigan rate reaches 12.9%

Feds give $50M in aid to towns hit by auto layoffs

Dems to introduce ‘Paid Vacation Act’

Britain’s debt outlook lowered to negative

Day of reckoning for US dollar

GMAC to Get $7 Billion From Gov’t, Surrender Control

Greenspan: Crisis Yet to End

Walesa: no global crisis, only faulty banking

PAPER: Stimulus Spending transparency not what promised

Budgeters Predict 10.5 Percent Unemployment Rate

From SurvivalBlog:

The Economy’s Search for a “New Normal”

Europe in deepest recession since War

Japan – Major banking groups report massive losses

When The World Steps Out Of A 60-Year-Old Referential Framework

As Detroit Crumbles, China Emerges as the Auto Epicenter

Don’t Count On China to Rescue the World Economy

Was The Bank Bailout Even Necessary?

BofE Makes 1 Billion Pound Profit Off of Financial Crisis

Companies Face Higher Derivatives Hedging Costs

Time to Get Out the Wheelbarrows? Another Look at the Weimar Hyperinflation

Goldfingers Wonder When to Switch to Assets

Japan’s Economy in Record Plunge

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