Obamunism Update

Mark Noonan

Deficit grew by $181 billion in July

Bankruptcies May Hit 1.4 Million

CEO of Nortel steps down as company liquidates

Dynegy sells plants for $1 billion, 2Q loss widens

Gas prices nationwide jump 16 cents

Credit cards holders shocked to see interest rates skyrocket, limits plunge

Volume of ‘subdivision’ vacant lots overwhelms banks

Some fire-sale prices on have dipped to 20 to 30 cents on the dollar

Where did that bank bailout go? Watchdogs aren’t entirely sure

U.S. Economy May Be on Brink of Recovery, Tyson, Krugman Say