Are We Headed for a ‘Double Dip’ Recession? It’s Possible
- Posted on August 22, 2011 at 9:33am by
Jonathon M. Seidl
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Yale University Senior Lecturer and Executive chairman of Morgan Stanley Asia Stephen Roach thinks it’s unwise to deny the possibility of a “double-dip” recession. And it’s even “ludicrous” that the administration refuses to recognize the possibility.
“I am an advocate of the view that post-crisis recoveries are weak and much more vulnerable to double dips than most of the talking heads you have on this show,” he told CNBC Monday morning. “I’ve seen repeatedly categorically denials from the president on down no danger of a double dip. It’s ludicrous to talk about no danger of a double dip in a weak, post-crisis recovery. You’ve got to be alert for that possibility.”
You can watch his comments below:
That comes as John Mauldin predicts a 2011 recession:
The data this week was just ugly. Even the uptick in the leading economic indicators, seized upon by so many talking heads, must have a large asterisk beside it.
This week we look at the increasing probability that we are headed for recession, and the follow-on implications. …
With the Fed artificially holding down rates on the short end of the curve, we are not going to get an inverted yield curve this time, so we have to look for other indicators to come up with a forecast for the US economy. We grew at less than 1% in the first half of the year. That is close to stall speed. And that was with a full dose of QE2!
But remember, according to the president, the economy is better since he took office.
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Comments (159)
vinnymac46
Posted on August 22, 2011 at 10:27amJust like any possible disaster, ARE WE PREPARED? talking about it only makes you the one to say “I told you so” first…you folks are the experts, do something about it
Report Post »J.C. McGlynn
Posted on August 22, 2011 at 11:24amThomasDaddy: I believe you forgot who was running both houses of Congress when the successful attempt to destroy Pres. Bush second term. I’ll remind you, “It was the ding-bat-o-crats.”
Report Post »CatB
Posted on August 22, 2011 at 11:44amDid we ever REALLY end the first recession? … I am visiting Michigan and even parts that were “okay” two years ago are now depressed and depressing. I don’t think we ended the first … we are slipping closer and closer to an all out DEPRESSION! Thanks Dems from 2006 to present .. we couldn’t have done it without you .. and “special” kudos to Obama, Pelosi, Reid, Frank, Dodd …!
TEA!
2012 the end of an error!
Report Post »cemerius
Posted on August 23, 2011 at 7:43amVinny..there are NO experts only “talking heads”…prepare yourself and family first…let the others find their ways! Stay frosty and keep your powder dry….
Report Post »psst
Posted on August 22, 2011 at 10:26amRecession? What recession.
The CIC (communist in Charge) would not be going to his dacha on the Black Sea for some more R&R if we were in a recession.
BTW, Sunday he went to the home of the CEO of PMSNBC Comcast(10 min away) to plan re-election strategy.
He took about 9 gas guzzler motorcade over for his tete a tete.
A poster on another site remarked that marxists likes to babble about carbon footprints and how we should all use smaller footprints.And that it would be a much smaller carbon footprint if the CEO had gone to visit Soetero..
Soetoro the marxist is just like marxist alBore when it comes to babbling about carbon footprints and the saving of Mother, (Earth)
Report Post »Marxists preach, do as WE say. Not as we do. Bore flies around is his private jet instead of flying passenger airlines which would save fuel and help to save Mother.
Someone said they saw Mr Tingles climbing in the trunk of the Beast so as not to be seen going over to PMSNBCComcast home.
thomasdaddy
Posted on August 22, 2011 at 10:45am“The CIC (communist in Charge) would not be going to his dacha on the Black Sea for some more R&R if we were in a recession.”
Exactly my point! Draw no attention to the fact that congress has a republican majority, and has not introduced a jobs bill in the over 200 days they’ve been in charge. Nope! Just blame Obama! There is nothign worse than wishing the country to fail so that you may succeed individually! Pathetic!
Report Post »sWampy
Posted on August 22, 2011 at 10:58amNo jobs bill my ass, it‘s isn’t congress job to create jobs. The republicans have introduced/passed bills to lower taxes, force a balanced budget amendment, etc, they ******* liberals have **** blocked at every turn. Through out all of history liberals do nothing but cause great human suffering, and take freedom, why the hell can’t you guys just get out of the way, and let those that know how to fix your mistakes fix them yet again?
Report Post »psst
Posted on August 22, 2011 at 10:58am@Thomas.
Report Post »That was sarcasm on my part.
The Black Sea resort was the place where ALL the Old Soviet commie bosses went for vacation.
IOW. I was referring to Martha’s Vinyard as the Black Sea Resort for our Marxist Poseur prez.
thomasdaddy
Posted on August 22, 2011 at 11:15amswamp….
Lower taxes? I can’t believe after all that has been seen over just the last 10yrs you still believe that tax cuts create jobs! You also need to check a different thread on this site about the republicans attempting to raise the payroll tax! As far as letting those that know how fix the problem. I think you mean, let those that created the problem fix it! The policies that lead us to this point were put in place by a republican majority years ago.
zman,
The “dear leader” was Bush for 2 of those years! Then you had 2 years of trying to repair the results of a huge economic catastrophe. Could the dems have done a better job? Absolutely! But the fact remains, the reps campaigned on Jobs Jobs Jobs, and haven’t introduced 1 jobs bill in almost 1 year! Nope, one of the first things on their agenda was going after Planned Parenthood? Really?
Report Post »Fly Old Glory 24/7 365
Posted on August 22, 2011 at 11:49amTdaddy, wrong again……how many times on one story can you be wrong?
Report Post »AvengerK
Posted on August 22, 2011 at 12:35pmWe have a president who has found himself in a very similar position to the boy who cried wolf. The President’s cries of recovery for two and a half years, with economic signs showing just the opposite, have begun to ring hollow with the people.
Report Post »Unfortunately, the boy who cried wolf didn‘t graduate from an Ivy League school or have a crowd of consultants to help him deal with the town’s people when a real wolf showed up.
But the president who cried recovery has all of that – and more.
With the economy showing signs of slowing, and possibility headed into a double-dip recession, the President and his consultants have come up with a new cry for the people: “recovery sabotage.”
Blame GOP political posturing. Blame tsunamis. Blame Europe. Blame the middle east. Blame ATMs. Blame Wall Street. Blame the tea parties. Blame Washington bickering.
So according to Obama..the recovery that was, that actually really wasn’t, would be a recovery today, if not for the meddling and manipulation of the Tea Party and Republican majority in the U.S. House of Representatives that retroactively sabotaged the recovery that began the day Barack Obama implemented his economic policies; thus vindicating the President who cried recovery by proving a grand scheme by Republicans to do whatever it takes to ensure that Obama would be a one term President.
AvengerK
Posted on August 22, 2011 at 1:09pmThomasdroppedatbirth…You’re bleating about the GOP and “200 days”. The Ryan Plan, Cut, Cap and Balance, the repeal of Obamacare. All measures that could have helped restore some measure of confidence to the business sector…and the Democrats stonewalled them.
Report Post »It’s been over 800 days and the democrats in congress have not produced their constitutionally required budget. Some of that time they enjoyed a super majority in both houses of congress…they didn’t need a single GOP vote to pass a budget.
Obama did offer a laughable exercise he called a budget. It was voted down unanimously in the Senate 97-0. It proposes expanding government spending by 3.4 trillion dollars. Obama also wanted a vote on the debt ceiling “no questions asked”. You‘ll recall he voted against raising the debt ceiling in 2006 and the next two years didn’t bother to vote at all.
All your bleating Thomasdelusional is simply tailored to misdirect from the fact that Obama and the democrats have failed this country. Your “200 days” is simply the Kabuki theatre of a dyed-in-the-wool Obama supporter whistling past the graveyard.
Corco
Posted on August 25, 2011 at 11:57amThomasdaddy has a point about tax cuts creating jobs… in the past, like in the Reagan years, this has worked because we actually produced goods in the US. Today we do not produce nearly as much in the US as we used to. Our middle class is disappearing as production and technology jobs are being moved to China, India and the like. Tax cuts just allow corporations to have record profits as this allows them to expand production in another country instead of building America back up.
The real issue here is how the US taxes corporations higher than most any other country. We have seen what happens when a State reduces its corporate taxes that it attracts companies to build there. If you want to see jobs return to America we need extensive tax reform. Until then we will see the continued immigration of US jobs to other countries. Possibly in the future, 10 – 20 years, you will see the immigration of US citizens to these other counties to find work.
Report Post »reflective_rain
Posted on August 25, 2011 at 4:48pmlol
Report Post »thomasdaddy
Posted on August 22, 2011 at 10:22am“it’s possible” yeah, and it’s also possible for Rush and Beck to begin a homosexual relationship with one another, but I‘d say it’s unlikely!
Congress has been lead by the republican Party since Nov, but they have done nothing to attempt to improve the economy! Why? Because they need the economy to stay in the crapper in order to win an election! Almost a year in control and no jobs bill, when that’s the platform they ran on! Then you have republicans that voted against a jobs bill introduced by democrats. What’s worse is no one is holding them accountable! Most idiots feel some sense of satisfaction just sitting back and blaming Obama! Can‘t believe you people rather play politics than do what’s right!
Report Post »Brizz
Posted on August 22, 2011 at 10:39amWouldn’t blame Obama necessarily for the Republicans in the house “doing nothing”, probably have to blame the Dems in the Senate for not voting.
Report Post »sWampy
Posted on August 22, 2011 at 10:44amThey have 1/3 of the power, there is nothing they can do, the democrats have had control for my entire lifetime, and have done nothing but make it certain, my child won’t grow up with the hope, freedom, or standard of living I grew up with.
Report Post »Fly Old Glory 24/7 365
Posted on August 22, 2011 at 10:45am@ T daddy: The republicans have stopped Obama from making things even worse. If they wanted the economy to get worse, they would have allowed BHO to have his way… Tdaddy, wrong again…..
Report Post »thomasdaddy
Posted on August 22, 2011 at 10:46ambrizz..
not voting on what?
Report Post »Darla_K
Posted on August 22, 2011 at 10:54amHasn’t the dems blocked everything the republicans try to put through? (repealing the healtch care, Ryan’s budget plan, raising the debt ceiling)
Report Post »thomasdaddy
Posted on August 22, 2011 at 10:54amfly…
Specifics please! How did the republicans make things better?? What did they stop from happening??
You statement is completely void of fact, significance, and substance!
Report Post »zman61
Posted on August 22, 2011 at 10:56amthe Dims were in charge of the house and senate from 2006 until the elections in 2010 when they lost control of the house of representatives. They and Dear Leader did NOTHING!!!!
Report Post »daveycrokett
Posted on August 22, 2011 at 11:00amthe republicans have sent bills over to the senate your boy reid wont let them even come to the floor for a debate
Report Post »Darla_K
Posted on August 22, 2011 at 11:02amI don’t think a jobs bill would do anything. Hiring people has to come from business’s. They need to get rid of anything that is stiffling business, such as the EPA standards. They need to build refineries and drill for oil, build more nuclear plants, but the EPA is standing in the way. They wouldn’t even let us clean up the beaches in the gulf.
Report Post »Brizz
Posted on August 22, 2011 at 11:27amReid chosing to ignore what the House passed is the same as not voting. Thought you’d be able to figure that out.
Report Post »techengineer11
Posted on August 22, 2011 at 11:32amthomasdaddy: That comment shows such a level of ignorance it would simply be futile to attempt to reason. It sounds as if you may be a pom pom carrying Obama cheerleader?
Report Post »thomasdaddy
Posted on August 22, 2011 at 11:42amdavey,
that’s because the reps keep sending over bills that extend expiring tax provisions! $66 billion dollars worth!
Report Post »thomasdaddy
Posted on August 22, 2011 at 11:47ambrizz…
I don’t think he’s ignoring the bills that come out of the House until he gets to the part where they attempt to extend tax provisions that are due to expire. In the bipartisan bill that is getting the most notoriety for Reid rejecting, the House bill called for $66 billion in extenders. That does nothing to create jobs.
Tech…Thanks for the cop out! In the future don’t bother commenting. You only go to show everyone what a coward you are, and that you can not add anything of substance to a civil debate.
Report Post »Fly Old Glory 24/7 365
Posted on August 22, 2011 at 11:47amTdaddy: as stated by someone else, attempting to reason with you is futile. ALL of the policies BHO wants to do are bad for this country. If nothing else, the republicans have stopped him. That in and of itself keeps things from getting worse. You obviously are a BHO follower and until you see the light, wasting time with you is a waste of all of our time… Tdaddy, wrong again…..
Report Post »thomasdaddy
Posted on August 22, 2011 at 12:15pmdarla,
The U.S. possesses less than 9% of the earth’s oil but uses close to 25% of the earth’s oil. The oil found in the U.S. is estimated to last only 46 more years. This means that is we do not find alternative fuel sources, the U.S. oil supply will be dry in the not so distant future.
Report Post »Everyone is so worried about saddling their grandchildren with debt, but don’t seem to be particularly bothered with leaving them a country primarily dependant upon oil with no reserves.
thomasdaddy
Posted on August 22, 2011 at 12:18pmfly,
And like I told that person, that’s a cop out by someone who can intelligently articulate a differing opinion! You can’t factually state your opposition to my point so you attempt to discredit me! Pathetic, but expected! Enjoy the rest of your day!
Report Post »Fly Old Glory 24/7 365
Posted on August 22, 2011 at 12:54pmTdaddy, wrong again…..
Report Post »AvengerK
Posted on August 22, 2011 at 1:02pmSpecifics Thomasdope?
Report Post »The GOP house repealed Obamacare. Harry Reid blocked the repeal for Obama in the Senate. Thankfully, Obamacare appears to be heading for it’s demise in the Supreme Court.
Cut, Cap and Balance ring a bell? All of these measures would have restored some confidence to the business sector and helped in new hiring and business expansion.
Mateytwo Barreett
Posted on August 22, 2011 at 2:54pmLittle tommyspermdonoe
Report Post »All I can say, after reading several of your posts and trying to decipher some logic. You sir, are thequicnessential democrat- a true jackass!
SatanOwnsTheMedia
Posted on August 23, 2011 at 4:30pm@Thomasdaddy Govt. cannot produce private sector jobs.It can either get in the way of producing jobs or get out of the way.We will NEVER recover from the damage done by the last 4 POTUS.
Report Post »YourMotherSewsSocks
Posted on August 23, 2011 at 7:48pm@ThomasOfTheAddledBrain
You are a ******. Go away.
Report Post »YourMotherSewsSocks
Posted on August 23, 2011 at 7:50pmR E T A R D is a dirty word now? Geez!
Report Post »Southernguy
Posted on August 25, 2011 at 8:33amHow’s them “shovel ready” jobs workin’ out for ya?
Report Post »SamIamTwo
Posted on August 22, 2011 at 10:22amIf the fed reserve throws more money at it (QE3) then yes and gold will hit 5k. Gold, an asset, is an indicator of how people feel about the economy…it goes up, people believe we are doomed…if it goes down then they believe it is under control.
QE2 artificially helped out wall street. Not main street…we feel it, have been feeling since 2007…and no pay raises since that time…two jobs are not enough. Bankers are tighter than a ticks ********* with their money…they are waiting for inflation/hyperinflation…I recall paying 17% interest rates for an auto and 14% for my mortgage…
It is now all left up to Obama…it is now on his ticket and he has no plan, never had one. Plan due sometime in SEP and they have just a couple of weeks to negotiate it…yeah set up for failure since Obama refused to admit his past policies have FAILED.
Report Post »old white guy
Posted on August 22, 2011 at 10:25amdouble dip. jeez we haven’t gotten out of the one that started when barak the magic one took over.
Report Post »thomasdaddy
Posted on August 22, 2011 at 10:48am“It is now all left up to Obama”
so congress has no responsibility here? Unreal!
Report Post »hauschild
Posted on August 22, 2011 at 10:55amTotally agree about artificially inflating the market, which is sure to be what QE3 will accomplish, thereby allowing all the lemmings to kick back and relax – only to have the market come crashing down harder next time. I mean, how can even a person of average intelligence not see this; or worse, WANT to see this???
Report Post »rflussier
Posted on August 22, 2011 at 6:02pmHe most certainly has a plan, or at least those pulling the strings do. He just doesn’t articulate it all at once.
I’m prepared.
Report Post »wifezilla
Posted on August 22, 2011 at 10:14amIn order to have a double dip recession, we would have to have come up and out of that first dip. Your average American has not felt any economic relief or improvement in the last 4-6 years.
Report Post »Mizurax
Posted on August 22, 2011 at 10:30amNot true, Wifezilla. You can dip, level off, then dip again. Double dip.
It doesn’t have to be dip, rise, dip.
Report Post »freeweever
Posted on August 22, 2011 at 10:13amFor obama it is hard to recognize in a negative way his life’s work and goals to this date as being a bad thing for the economy and America.
Off the subject but chris mathews has to go bye bye.
Report Post »NHwinter
Posted on August 22, 2011 at 10:10amHe has repeatedly gone around Congress with his executive orders. What does it take for Congress to start impeachment procedures? Why doesn’t anyone have the courage to stop this before America is completely, absolutely ruined? I’m just speechless at our impotent Congress.
Report Post »Darla_K
Posted on August 22, 2011 at 10:47amIt is because we need people in congress that mean what they say and do what they say. Remember, they work for us, but they aren’t doing their job. Who’s fault is that?
Report Post »BrokenHearted
Posted on August 22, 2011 at 10:09amAccording to the definition at http://en.wikipedia.org/wiki/Recession we are in a recession and have been for several years. I also ask, what else is coming? With all the regime changes, further decline in economics world wide and a government that looks as if it wants to convert us to socialism, things are looking grim. There have been times lately that I wish for something to happen that sends the world back 2 or 3 hundred years, the thought of living off the land looks more and more appealing. I would imagine that sounds pretty crazy to those that live in the city, but since I live in the country it’s not that far fetched.
Ok, go ahead, call me names and make fun of me, I can take it, LOL.
Report Post »NHwinter
Posted on August 22, 2011 at 10:17amBrokenhearted, I am with you and brokenhearted too. I wouldn’t mind going back 70 years and living off the land. What we are living throught today is as close to hell as you can get.
Report Post »Juan Gault
Posted on August 22, 2011 at 1:21pmBrokenhearted, you query, what else is coming? Let me suggest what is already here. On July 29,2011. the stock market entered into a Bear market. No one rings a bell at the top, or bottom of markets. No one to my knowledge, has voiced their declaration, as to a new BEAR Market being already here.
Don’t believe me, but ya might prepare as if i’m correct. Just in case, I am not.
Report Post »WASTEDROCKRANGER
Posted on August 22, 2011 at 10:07amblah, blah, blah. Even Obama is entitled, get it.. “entitled”… to his opinion; so is everybody else. The people that impress me are the one‘s that DO NOT listen to the chicken little’s or the rainbow bright’s.
When is the last time you heard a good indicator relating to the economy? Consumer confidence.. nope. Market responses… nope. Volitility… nope. Unemployment…. nope. Inflation values… nope.
So, if you (and I mean “you” in the broadest sense of the term) would rather get your warm fuzzy feelings from the Annointed One and his lie-speak. Go ahead. When you the government doesn‘t show up with your weekly rations and you come to my gate I’ll just rob you of what you do have left and send you on your way to commune with nature.
Report Post »zman61
Posted on August 22, 2011 at 10:06am2008 Barak Hussein Obama runs on “Hope and Change” of course none of the idiots that voted for him bothered to ask what “Hope and Change” meant. It just sounded good to them!!!
Skip ahead 2011. Dear Leader Chairman Maobama is in control and it more like “Hey honey here comes that big DOPE, Better hide our Change!!!!!”
Report Post »psst
Posted on August 22, 2011 at 10:06amOff topic . But Baze you are behind the times.
Where is this story.
Soetero dines w/ PMSNBCComcast CEO.
http://www.politico.com/politico44/perm/0811/into_the_woods_e6c4b4e2-aec1-417b-a8e7-3a2989b80c7f.html
Report Post »techengineer11
Posted on August 22, 2011 at 10:12amExcellent. This is huge news but it happens every day. My question remains because I contend that America is an occupied territory and that we are currently residing under a Marxist Jewish Apartheid..
Is Mr. Roberts Jewish and if so doesn’t that have anything to do with the Marxist policies which his Media Network promotes? Or does he just promote these Marxist policies because he’s a liberal or progressive as Glenn Beck would contend?
Report Post »psst
Posted on August 22, 2011 at 10:39am@Tech.
Report Post »Yes, he’s Jewish.I just did a bio. Here is a list of the Jewish controlled /owned bidnizes. It is biiiiggg,
http://www.vnnforum.com/showthread.php?t=71304
techengineer11
Posted on August 22, 2011 at 11:26amI knew he was Jewish. I’m just trying to get many on the Blaze to undersand without being called all the ugly names.
Next question is does it matter. I say yes it does and my main point of contention is simply the Jewish/Marxist connection over the past century. It‘s large and highly correlated yet many refuse to accept it even though it’s placed right before their eyes because they fear the truth.
Report Post »psst
Posted on August 22, 2011 at 3:41pm@ Tech: Paul Warburg represented the Rothschild banking interest in helping create the Fed Reserve Bank which is not part of the fed guvmint.But was created so rich Jewish banking Interest could create money out of whole cloth and we get stuck paying for it.The Rockerfellers are also involved w/ this.
The “Red Sea” is so-named after Edom. Mayer Amschel Bauer honored his father Esau by changing his family name to “Rothschild”, or “Red Shield”. The founder of the House of Rothschild drew up plans for the creation of the Illuminati and one world government, entrusting Adam Weishaupt with its organization and development.
The Illuminati. = The Bilderbergers,The CFR,Skull and Bones.and The Jesuit Order. = The NWO/OWG/World Governance.
Report Post »The NWO are not enemies of Communism.
techengineer11
Posted on August 22, 2011 at 4:08pmpsst: I was with you right towards the end… lol While it‘s pretty obvious that there’s a conspiracy taking place I do not feel or think that it is as well organized as you describe. Or I should say as interconnected. Could the Jewish elite be working through the Bilderberg group and be a part of the Illuminati? Potentially. Even probably but it sounds like you may have been listening to Alex Jones too much. I believe that his sole mission is to bring doubt and confusion upon the entire situation all the while shielding the Jewish element from any blame in the conspiracy.
I like him and believe that much of what he reports is factual but I’ve noticed that what he does best is insert confusion.
Anyway you seem to have a thorough understanding of the situation at hand. Far too many are simply clueless.
Report Post »psst
Posted on August 22, 2011 at 4:22pm@Tech. You may find this hard to believe, but I have never heard or read Alex Jones in my life.
Report Post »I do a lot of reading . And I check articles .
IMO. the NOW/OWG is real.But what da hey. That’s just me.
It is also my opinion that for the anti-christ to arise, there must be a World Government.
Needless to say, I’m one of those crazy folks who read the comic boook call the Bible.
Thirty yrs ago when I was on the road as a sales rep, one of my accounts turned me onto some of these things that I now believe. Back then I thought it was all crapola.
Oh well. nice talking w/ you.
numbers
Posted on August 22, 2011 at 10:03amDouble dip? of course we are unless Obama announces his withdrawal from the 2012 race which his majesty wouldn’t think of doing. For many there is no double dip because they don’t feel like we ever got out of the original recession. BTW, it’s time to clean house of this corrupt Chicago style double dealing administration who gave taxpayer stimulus money out like candy to their buddies.
Report Post »Darla_K
Posted on August 22, 2011 at 10:41amDo you think they are done handing out money? I don’t.
Report Post »zman61
Posted on August 22, 2011 at 10:01amnever came out of recession since this Marxist/Socialist/COmmunist has been in office. We won’t come out of it either until he is unseated from that office he has tarnished. It is truly saddening that over 51% of this country voted for a Marxist/Socialist/Communist. So many people in the armed forces and the intelligence community have given their lives to keep communism away from our shores and an uneducated public has voted them into power. Shameful!!! We are stuck with a voting public that has been indoctrinated by the public school system and the higher education system in this country to believe that “gubmint” should be everything to everyone and that “to each according to his needs, from each according to his ability” We are in dire straights!!!!
Report Post »Trestin Meacham
Posted on August 22, 2011 at 10:07amWhy is a supposedly conservative media outlet parroting this lie that we may enter into a double dip? The recession never ended, in fact, It’s a depression!
Report Post »Fly Old Glory 24/7 365
Posted on August 22, 2011 at 10:08amI’ll second that comment. Well said, especially the part about the voting public. We have become an ignorant society.
Report Post »woodyl1011fl
Posted on August 22, 2011 at 10:00amSurprise, surprise CNBC has someone on that actually thinks and is not a democrat, Obama mouthpiece and from Yale no less. That might be a stretch! From what is observed in my state is we never recovered from the first government caused recession, it’s not getting any better and there is no relief in sight and there won’t be until every “D” and Obama is defeated. Just concerned about how more damage the democrat controlled US Senate, Pelosi’s minions in the house and BHO can do in the time they have left to accelerate the effect of their destructive policies and regulations!
Report Post »Kawohlus
Posted on August 22, 2011 at 10:00amGlad I kept my wheelbarrel.
Suitcase racks on shopping carts, welcome to thr future
Report Post »dwh320
Posted on August 22, 2011 at 9:56amWe are ALREADY deep into one
Report Post »TRONINTHEMORNING
Posted on August 22, 2011 at 9:54amWe are in a depression, period.
Report Post »Stuck_in_CA
Posted on August 22, 2011 at 9:58am9/11/11 – 7 Reasons To Brace For Impact
by Zen Gardner
Sorry to be the bearer of bad news, but it’s not looking good for this 10th anniversary of 9/11. All the indicators are there to tell us they need a massive distraction and excuse to take this idiotic war on terror to horrific new levels and even more Orwellian internal controls and crackdowns.
Why They’ll Do It Now:
http://beforeitsnews.com/story/986/100/9_11_11_-_7_Reasons_To_Brace_For_Impact.html
Report Post »techengineer11
Posted on August 22, 2011 at 10:08amStuck_in_CA: I’ve been looking for an attack on Iran for a long time. As soon as they realize they can‘t manipulate the Stock Market any longer on the upside they will need a scapegoat to turn everyone’s attention away from the real problems and what better goat than Ahmidenijad.
All I can say is that Russia and China are getting pretty tired of our Meddling. An attack on Iran could open a can of worms which our Jewish Apartheid is not prepared for.
By the way, I bet Mr. Roach is doing just fine.. Any takers? lol
Report Post »Anonymous T. Irrelevant
Posted on August 22, 2011 at 10:20amPlease, you want me to believe anything written by a guy named Zen? The site, asking you to join Obama’s re-election campaign?
Report Post »No thanks.
Uechi
Posted on August 22, 2011 at 9:52amPlease does anybody really believe we are headed for a recession? We are in a major recession and have never been out of one for years. More BS from the Politcos.
Report Post »Lone Ranger
Posted on August 22, 2011 at 9:49amIt’s possible? It’s inevitable! With know-nothing Obama at the helm, the ship of state will sail right off the edge of the world.
Report Post »loriann12
Posted on August 22, 2011 at 9:55amNaw, I‘d say we’re on the verge of a Depression.
Report Post »hauschild
Posted on August 22, 2011 at 9:48amWhat do you mean “headed”???
If Marxism has proven never to work, what would make an idiot expect it to work during horrendous economic times?
I’m tired of these people. You have no idea.
Report Post »jakartaman
Posted on August 22, 2011 at 9:47amthere will be a convergence of so very ugly events that will put the US and quite possibly the whole world into a deep depression.
1. Arab – Israeli conflict – oil shortage etc.
2. The world takes away USA’s printing press and goes under a world currency that is made up of various currencies.
these two things are know events that will happen – there are other unforeseen events that could also come into the picture – like a natural disaster?
Be prepared out there it will get nasty!
Report Post »teddrunk
Posted on August 22, 2011 at 9:45amWell things can’t be all that bad at all. After all our President is taking another one of his frequent vacations.No sane person would do that with the economy in that bad a shape. The sky can’t be falling if our leader is busy, not at his oval office desk, but on the 10th fairway.
Report Post »hauschild
Posted on August 22, 2011 at 9:49amAh, the spoils of Marxism. A very select few live in the lap of luxury while everybody else gets screwed.
Report Post »DTOM_Jericho (Creator vindicator)
Posted on August 22, 2011 at 9:57amDouble dip? There was never and end to the first “dip”. Changing the way you calculate unemployment, inflation, etc., doesn’t change anything. We are well above 10% unemployment and at 8-9% inflation not 2-3%. Clunkers credit and 8k for home buys, caused and artificial spike followed by a larger fall and tighter markets for used cars and homes. Commodities are up. There is no double dip, this is a downward spiral.
Report Post »RepubliCorp
Posted on August 22, 2011 at 10:05am‘DOUBLE DIP’ = Omama & Biteme
Report Post »Ryan Beaulieu
Posted on August 22, 2011 at 9:43amHope and Change…
Report Post »Dustyluv
Posted on August 22, 2011 at 9:38amThat is a funny headline since really we are in a depression…Just wait till hyperinflation hits. It’s gonna be a time we would wish for just a recassion. And it is at the feet of our tyrranical Government!!
The ONLY reason we can even say this is a recession (or not one yet) is because the Government accounting on the economy is total bullcrap!
Report Post »ChiefGeorge
Posted on August 22, 2011 at 9:48amI concur!
When Dems start blaming the Tea Party for all of our woes when it is them who are to blame, then you know we are really in trouble. How can anyone in their right mind believe the the TP with their less than a year presence in the house can be to blame for the loss of job growth. Being a Dem means you never have to say your sorry. They have a lot to account for.
Report Post »AJAYW
Posted on August 22, 2011 at 9:35amI think worse than that
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