"Es la economía": Clinton rompe con la cuerda de locos

January 16, 2007 (LPAC)--"The economy is the issue in this campaign, and we've got to stop the bleeding now," was the theme of a Sen. Hillary Clinton interview with CNBC this morning, as in the Nevada Presidential debate last night. Asked if her $70 billion stimulus plan--and now those of Sen. Barack Obama and John Edwards--weren't just "small drops in the bucket" of the economic decline, Clinton basically agreed, and said her stimulus "is part of a larger package of policies. We've got to stem the bleeding." The immediate line of defending the economy, Clinton said, is a national halt to home foreclosures, a freeze of five years or more on mortgage interest rates, and aid to state to cope with the housing/mortgage collapse--she proposes $30 billion.

"We're sliding into recession," Senator Clinton told the televised debate audience in Nevada, and viewers of CNBC. "The President is going hat-in-hand to the Saudis." She added, "The American consumer is surviving on debt. We have so much debt... Interest rates people are paying are going up in the critical areas, while the Fed is trying to lower them." And Clinton reiterated that she had told Wall Street bankers on Dec. 5, "You are part of the problem" because these banks sold mortgages deceptively and bundled them into securities and "SIVs" which have gone bad.

The economic reality is far worse than Senator Clinton has thus far said publicly. Leading economist Lyndon LaRouche, who holds a webcast meeting on the subject tomorrow at 1:00 pm in Washington, said today that there can be no truthful talk about economic collapse as "something that may happen. It has happened. Financial collapse has happened. The greatest economic depression in modern history is on."