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Friday, August 19, 2011

Obama Says No 2nd Recession; So Brace Yourselves(via Right Hook)

Obama Says No 2nd Recession; So Brace Yourselves

Earlier this week, in a CBS interview, President Obama claimed we are NOT in danger of a second recession:
I don't think we're in danger of another recession but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there and that's why we need to be doing more.[translation.....another stimulus]

Clearly, very few seem to agree with him at this point, and reports are indicating quite the opposite.  Here was the Fox Business news report yesterday, as stocks were tumbling once again:


John Scotus said...

No second recession? Based on his record, I guess we should be expecting not just another recession, but a full-blown depression.

loopyloo305 said...

I think that you are probably right John, and we are headed downhill fast. The fed is already printing money and the value is becoming worth less everyday!