The Recession is Heading Toward Depression

By Daniel Tencer

"What Obama's doing out there is he's hustling a confidence game."
http://www.informationclearinghouse.info/article26222.htm



Obama's "Recovery Summer" Hits a Snag

By Mike Whitney

Barack Obama's "Recovery Summer" tour has turned into a public relations disaster. The whole idea of claiming "mission accomplished" over the recession was wacky from the very beginning. It just shows how out of touch with reality Obama's economics team really is.

http://www.informationclearinghouse.info/article26223.htm



Nearly 50 percent leave Obama mortgage-aid program

By MARTIN CRUTSINGER

Many borrowers have complained that the government program is a bureaucratic nightmare. They say banks often lose their documents and then claim borrowers did not send back the necessary paperwork.

http://www.informationclearinghouse.info/article26220.htm

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Record Plunge for Home Sales Could Weigh Heavily on Economic Recovery

Mark Trumbull, The Christian Science Monitor: "The pace of home sales in the United States took a sharp turn for the worse in July, falling a record 27 percent from June and raising new concerns about the economy's health. Sales of previously owned homes fell to an annualized pace of 3.8 million, down from 5.3 million in June and 5.1 million a year earlier."

http://www.truth-out.org/record-plunge-home-sales-could-weigh-heavily-economic-recovery62623



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