Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of “The Obama Nation,” the blueprint for Obama’s first term in office.
Job losses are at the worst level since 1974, the year Richard Nixon resigned from the presidency.
The desperation of Big 3 automakers is evident, as their conduct resembles begging more than bargaining.
And now the death throes of the mainstream media have begun, Red Alert reports.
On Friday, Dec. 5, President Bush walked out of the White House by himself to a podium and microphone positioned on the South Lawn. He then made a short statement on the economy in which he officially declared the U.S. is now in recession.
“There’s no doubt the Obama administration will blame the auto industry debacle, as well as every other economic woe, on the Bush administration – at least for as long as the mainstream media will peddle the myth,” Corsi writes. “The only good news this week is that the death throes of the mainstream media have begun in earnest.”
The New York Times has borrowed against its building in Manhattan just to stay in business, and the Tribune Company has filed for bankruptcy.
Now Red Alert’s author, whose books “The Obama Nation” and “Unfit for Command” have appeared atop the New York Times best-sellers list, notes the day the Tribune Company filed for bankruptcy the Chicago Tribune ran a story quoting Joseph Farah and crediting WorldNetDaily as chronicling the story of Obama’s failure to produce a doctor-generated, hospital-validated, original copy of his birth certificate.
Without disclosing that it would declare bankruptcy later in the day, the Tribune noted WorldNetDaily is one of the most visited websites on the Internet – as the U.S. economy wobbles under globalism and the mainstream media struggles to survive.
Red Alert’s Jerome Corsi received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years beginning in 1981, he worked with banks throughout the United States and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks.
In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.
For more on the future of the U.S. economy and for financial guidance during difficult times, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.”
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