Washington fights back admist troubling economic timesPosted: Updated:
PHOENIX-- Breadlines around the corner and families desperate for work--these are the images and symbols of the stock market crash of 1929.
Economists are saying if stocks continue to decline, a "second great depression" is looming in our near future.
In response to this, the U.S. government has announced a federal plan that will cost hundreds of billions of dollars to buy out America's bad mortgages.
ASU Economist and Professor Herbert Kaufman says that this expensive plan is better for taxpayers than the alternative: the collapse of America's $15 trillion economy.