Jun 8, 2012 by RTAmerica
Republicans have given President Obama a lot of heat for the gloomy US economy. The recent jobs numbers released by the US Bureau of Labor Statistics have fallen short of what was predicted and President Obama has resorted to blaming the European financial crisis. So who or what is to blame for the dreary US economy? Michael Hudson, economics professor for the University of Missouri, joins us with more.
Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His new book summarizing his economic theories, “The Bubble and Beyond,” will be available in a few weeks on Amazon. He can be reached via his website, firstname.lastname@example.org.
Jun 8, 2012 by whitehouse
President Obama calls on Congress to pass the bipartisan, paid-for ideas that he proposed last year to put construction workers back to work upgrading our roads and bridges, teachers back in the classroom educating our kids and police and firefighters back on the job keeping our communities safe, and addresses the state of the economy, including the situation in Europe, which continues to pose headwinds to our recovery here at home. June 8, 2012.
President Obama Holds a Press Conference on the Economy