phil gramm

The Big Picture offers a nice rundown of all the gloomy auto sales news today. Note that nearly all the major car manufacturers made the list of companies suffering dramatic sales declines. GM even offered employee-discounts-for-everyone deals — and their sales still fell 20 percent.
If that weren’t bad enough on its own, the Federal Reserve [...]

Maybe we’re whiners for a reason. Bankruptcy filings climbed again in August, providing more proof that people are feeling the strains of a softening economy, creditslips reports.
The August figures show bankruptcy filings have reached a post-2005 high of 4,476 filings per day, notes credit expert Robert Lawless, a University of Illinois law professor. That milestone [...]

Phil Gramm is back — and Sen. Barack Obama’s aides are happy to have his gruff voice back in the debate. Breaking from Bloomberg news: