Rebuild America

The nation's financial and economic crisis worsened Friday when battered stocks lost even more ground. The losing streak was extended to the eighth trading day in a row in what The Wall Street Journal called "a slow-motion crash." Major exchanges in Europe and Asia also fell as attention turned to a crisis meeting of the Group of 7 finance ministers in Washington. At home in Vermont, Senator Bernie Sanders told a nationally broadcast radio program, "We are in the most serious financial crisis si

The nation's financial and economic crisis worsened Friday when battered stocks lost even more ground. The losing streak was extended to the eighth trading day in a row in what The Wall Street Journal called "a slow-motion crash." Major exchanges in Europe and Asia also fell as attention turned to a crisis meeting of the Group of 7 finance ministers in Washington. At home in Vermont, Senator Bernie Sanders told a nationally broadcast radio program, "We are in the most serious financial crisis since the Great Depression. People are frightened about their retirement savings." Sanders said he is working with others in Congress on a bold initiative to help the economy. He called it Rebuild America.

Reminiscent of New Deal programs that lifted the American economy out of the depression, Rebuild America would be an aggressive effort to fix crumbing roads, bridges, highways, schools, water and sewer systems, develop alternative energy sources, extend unemployment benefits, and expand health care services. In Washington, work on the package was developing with an eye toward Congress considering it in November. "What I am trying to do now is work with others members of Congress to come up with a major Rebuild America program," Sanders said.