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Dean Baker: President Obama should reassure America's baby boomers that their payments are secure
The economy will be seeing a loss of close to $2.6 trillion in demand over this year and next due to the collapse of housing and commercial real estate bubbles. To counteract this collapse, Congress gave President Obama just over $700bn in real stimulus.
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- News Source: Truthout | 9 months agoRemember all those headlines about how the baby boom cohorts just lost several trillion dollars in home equity due to the collapse of the housing bubble and how they lost trillions more in their retirement accounts as a result of the stock market...
- News Source: The Guardian | 9 months agoThe economy will be seeing a loss of close to $2.6 trillion in demand over this year and next due to the collapse of housing and commercial real estate bubbles. To counteract this collapse, Congress gave President Obama just over $700bn in real...
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