Sunday, July 16, 2017

Sunday roundup (07-16-2017)

Trump Has Lowest Six-Month Approval Rating of Any U.S. President in 70 Years (Slate blogs) 6 months in, a record low for Trump, with troubles from Russia to health care (POLL) (ABCNews)

Obamacare repeal bill plunges into new uncertainty: Senate Republicans have no timetable for a vote with John McCain recovering from surgery. But they might not be able to pass a bill even if he was in Washington. (Politico) McCain’s Surgery Will Delay Senate Votes on Health Care Bill (The New York Times)

Governors Give Chilly Reception to Health Bill Push (The New York Times)

States in crisis: Embroiled in the worst budget battles since the Great Recession (CNBC)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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