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Thom's blog
S&P is warning about a new financial meltdown - Will the US taxpayers pay a $5 trillion bailout this time?
 You need to know this. It’s going to happen again and it’s going to be much worse. This is the warning issued by the S&P credit rating agency about the chances of our financial markets melting down again. In a report released on Monday, S&P analysts said, "we believe the risks from the U.S. financial sector are higher than we considered them to be before 2008."
They also predicted that should the markets go by the wayside again, the bailout could cost taxpayers far more this time – as much as $5 trillion – that could create a real problem with our national debt. S&P analysts also warned that there’s a 1 in 3 chance that our nation’s credit rating could be downgraded from AAA status, and that could send shockwaves around the global financial system triggering a wide-scale economic catastrophe. Basically, we’d be telling other nations that we won't pay off our debts.
So why are we letting this happen again?
Because right-wing ideologues want to roll-back FDR's New Deal, turning Social Security and Medicare into money pots for Wall Street, and doing away with the minimum wage, unemployment insurance, and other social safety net programs. And the big corporate polluters and Wall Street billionaires - who daily bribe our Republican politicians - want them to defund "unnecessary regulations" on Wall Street and polluting industries.
And these greedy sociopaths are so intent on getting their way, they're willing to destroy our country to do it. And they may well.
-Thom
(Will they get their way? Tell us here.) |
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Tonight on The Big Picture on RT TV at 9pm and 11pm... Hey buddy, can you spare another $5trillion? Can we survive another financial meltdown? (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Need to Know: Hey buddy, can you spare another $5trillion? Can we survive another financial meltdown? With Mark Weisbrot, Center for Economic and Policy Research, who writes a weekly column or the Guardian U.K.
Screwed: Is the Gulf of Mexico still dying? With Dahr Jamail, Independent Investigative Journalist.
Do you have phone-o-phobia from predatory debt collectors? With Joseph Mauro, Esq., Consumer Rights Attorney in NY State.
The Best of the Rest of the News...
Is a new "cyber ID" proposal a slippery slope? With David Seltzer, Attorney specializing in cyber issues.
Green report: Fish kill? Could the last wild salmon fishery be wiped out by corporate greed? With Shannyn Moore, host of 'The Shannyn Moore Show' and 'Moore up North'.
Daily Take: It’s a bird, it’s a plane, no it’s…someone without a job?
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Read Thom's Book for Free!
Now you can read all of Thom Hartmann's " Unequal Protection: How Corporations Became 'People' and How You Can Fight Back" for free online. Truthout is publishing weekly installments over the coming weeks. Read the Chapter Five: Jefferson Versus the Corporate Aristocracy today. |
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The Daily Stack 
Quote: "The activist is not the man who says the river is dirty. The activist is the man who cleans up the river." -- Ross Perot.
Hour One: Politics & reality of the debt ceiling and why is the President talking about the raising the debt ceiling instead of creating jobs in the political context With Congressman Charles Rangel (D-NY, 15th district).
Hour Two: Why are the police extracting personal info from cell phones during routine traffic stops? With Mark Fancher, ACLU of Michigan Racial Justice Project staff attorney.
Latest on the war on democracy...Benton Harbor, MI - ACLU won't fight for civil rights of elected official with Dennis Knowles, Benton Harbor City Commissioner.
Hour Three: It's the one year anniversary of the BP/Transocean/Halliburton catastrophe in the Gulf of Mexico...how's that recovery going? Thom talks with independent investigative reporter Dahr Jamail about the people and the environment one year later...
Is the world's last wild salmon fishery about to be destroyed by corporate greed? Thom talks with Shannyn Moore, host of 'The Shannyn Moore Show' and 'Moore up North'.
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Thom's Poll
S&P is warning about a new financial meltdown & this one could cost 5 trillion - Will the US taxpayers foot this bill?
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Watch & Listen to Thom
Thom Hartmann on the News - April 20, 2011
Thom Hartmann: The Gulf of Mexico...one year later
Thom Hartmann: Upset, Democracy under attack
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 Would you like to help give a child with a very troubled background this feeling of peace? Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Show Info
Call Thom on the show at 1-866-987-THOM (8466) (0870 974 9686 from the UK, +1 503 796 2324 from outside the US or UK).
Sign up for Thom's podcasts.
Come on over to the free chat room, where Thom hangs out during the show.
Join in the discussions on Thom's free message board.
Blog or upload videos or audios at Thom's community.
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Coming up Thursday on The Thom Hartmann Program
Hour Three: Thom will talk to filmmakers Scott Roberts and Jeremy Wagener, whose brilliant new film " Gas Hole" takes a look at America's addiction to oil and what the oil companies are hiding...
Plus, Geeky Science Rocks...strawberries, tasty and they could save your life...
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program... your media support group for we the people.
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