financial collapse

George Will Claims U.S. Economy Isn't "Going Down the Drain"

mthompson — Wed, 03 Dec 2008 06:20:49 -0500

From ThinkProgress.org: On ABC’s This Week roundtable, conservative columnist George Will claimed that the economy may be suffering only from a “financial problem” while the rest of the economy is performing “rather well.”

Pundits Scoffed at Accurate Predictions about the Economy

mthompson — Wed, 03 Dec 2008 06:16:53 -0500

In 2007 mainstream pundits laughed at analysts like Peter Schiff who accurately forecast America's current economic woes. And some pundits are still claiming that America's overall economy is "doing rather well.”