Breaking: # Obama warns of a 'double dip' recession - 10:24 am

Discussion in 'Economics' started by ByLoSellHi, Nov 18, 2009.

  1. Head, shoulders, knees and toes...

    ...the middle class better hang on to their ankles.

    Obama Warns Of Possibility Of 'Double-Dip' Recession -Fox News


    President Barack Obama sounded a warning on the economy Wednesday, saying that if the U.S. continues to add to its debt, a double-dip recession could become a possibility. In an interview with Fox News in Beijing, Obama said if the U.S. continues to add to its debt load, Americans could lose confidence in their country's economy in such a way that could lead to a "double-dip" recession.

    Full story at

    -Dow Jones Newswires; 212-416-2900

    (END) Dow Jones Newswires
    Copyright (c) 2009 Dow Jones & Company, Inc.
  2. bozwood


    this is so he will be able to push through another "bail-out" package, IMO.
  3. Mvic


    People should pay attention as this guy is good about telegraphing what is coming. His statement today is about as close as he can get to saying "SELL".
  4. Warning of a possible double dip recession is not breaking news. In fact it's old news. I don't care who says it. Politicians always have different motives behind statements like this. Obama didn't say it as a friendly "heads up" to the average Joe, that's for sure.
  5. S2007S


    double dip recession???

    The way they are handing out monopoly money there will be no such word as recession.

  6. TGregg


    Yeah man. House democrats are already talking about passing a brand new stimula$$ bill "buy" the middle of the next month. And look at the great success of the last one, LOL.

    BEND OVER FUTURE GENERATIONS!!! We're gonna rape you good and hard and then we'll do it again, and again, and again. . .
  7. 'Another Stimulus Plan,' starring the American Taxpayers as Jodi Foster (on a pinball machine, wearing a skirt, legs up in the air).
  8. TGregg


    WTF? Isn't that contrary to what all these libtard Keynes dolts think? They're always "spend, spend, spend our way out of the recession", and if we don't climb out it's because we didn't spend enough. And now The One is saying that maybe this is a little nuts?

    That's interesting.
  9. Holy Cow, hang on to your hats we are in for a looooooog and bumpy ride. It is not over as long as there are bailouts to be had.
  10. the1


    Go Long! Markets only go up.
    #10     Nov 18, 2009