Is the U.S. going overboard on bailouts?

Industry and government officials say the handouts are cheaper in the long run than doing nothing. But critics say they encourage bad behavior by removing the consequences.

http://www.latimes.com/news/la-fi-bailout17-2008sep17,0,4352836.story?track=ntothtml



Housing starts at 17-1/2-year low

Construction starts on new homes plunged to a 17-1/2-year low during August as builders scaled back sharply to try to cope with the worst slump in U.S. housing since the Great Depression.

http://www.reuters.com/article/email/idUSN1225498420080917



U.S. current account trade deficit rises to $183.1 billion

The U.S. Commerce Department says the current account trade deficit increased by 4.3 per cent to US$183.1 billion in the April-June quarter, compared to a revised deficit of $175.6 billion in the first quarter. The deficit represents the amount of money the country is borrowing from foreigners.

http://canadianpress.google.com/article/ALeqM5gXshPdF4zmw7q1pgtdQGUz6xI-UQ


From Information Clearing House



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=trade+deficit

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