Tornado Alley (PROG)

[StephanieVanbryce]

Michael Hudson: U.S. on a Third World course

Thom Hartmann interviews esnl’s favorite economist, who tells him that with the U.S. spending record sums on the Pentagon at the same time government services are being sold off, the United States is headed on a fast-track course to Third World status. We concur. (December 30 2010)

http://www.youtube.com/watch?feature=player_embedded&v=npBNW6NTgVY

http://richardbrenneman.wordpress.com/2010/12/30/michael-hudson-u-s-on-a-third-world-course/

....I don't understand all this stuff, such as, Did we REALLY need all the bank bailouts ?