Sunday, October 19, 2008

Credit Crisis Hits New Hampshire

"State revenue forecast gets bleaker

Upheaval in the economy is causing a larger hole in the New Hampshire state budget. New estimates predict revenue for fiscal year 2009 will fall $250 million short of original expectations, $50 million worse than Governor John Lynch estimated two weeks ago. Linda Hodgdon, administrative services commissioner, said yesterday the uncertain economy is to blame, especially the inability of businesses to get credit. Business taxes are the state's largest source of general revenue (AP)."

Also see: Banks Blackmail States Over Bailout Bill

Sigh. How many times I gotta link?

U.S. Banks Driving Credit Crunch ON PURPOSE!!

Bush Administration Created Credit Crunch Crisis

America Never Had a Chance