John Kerry on Mortgage Devaluation/Stimulus Plan
John Kerry co-wrote an editorial piece in the Wall Street Journal with Kent Conrad calling for a virtually immediate Stimulus plan and mortgage devaluation of mortgages in the United States.
Kerry feels that the recession has tipped to a point equal to that of the Global Depression of the thirties. He was on NBC later today trying to fill in some of the gaps of his editorial, which other than calling for immediate action, didn’t really have too much meat on the bone.
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