EconomicCrisis.US

The Occupy Movement is not only resulting in the occupation of public space, but also in political space. We are already shifting the dialogue and the movement has just begun.

When we started planning the occupation of Freedom Plaza six months ago, our goal was to create a place where the ignored voices of the American people could be heard. They are starting to be heard thanks to occupations all over the country. If it is not clear to the economic and political elites, this is the beginning of an American revolt.
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After three years of belt-tightening, Tom Van De Water, 41, a customer information systems manager in Stratham, N.H., has finally loosened the family budget. This year he and his wife, Alyson, 41, celebrated their 10th anniversary in St. Lucia, and she bought him a pricey watch for his birthday.
Are these signs of a return to the free-spending good old days, when the couple wouldn’t have hesitated to buy the best stuff and top off one of their frequent dinners out with an expensive bottle of wine? Not by a long shot.
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The nation’s economy gained some much-needed strength in the third quarter, as the pace of growth nearly doubled compared to the previous three months.

The nation’s gross domestic product, the broadest measure of its economic health, grew at a 2.5 percent annual rate in the quarter after adjusting for inflation. That’s up from the disappointing 1.3 percent growth in the second quarter and the anemic 0.4 percent pace in the first three months of the year.
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Putting odds on a recession is tough. Recently the bond market appeared to be pricing in a 60% chance of recession. Numerous economists are laying odds on the future economy with varied views.

Presidential hopeful Ron Paul has said he would take $1 trillion out of the budget in his first year as president. Herman Cain says he would balance the budget in his first year, a current shortfall of $1.3 trillion.

Taking $1.3 trillion, or anything close to that, out of this economy will take a massive toll in the near term. The other alternative is to continue to kick the can and become Greece in a decade.
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