Nobel Laureate warns U.S. economy going down

World Net Daily ^ | 04/03/2013 | John Bennett

[InspCallahan]

Edward C. Prescott, the 2004 Nobel Laureate in economics, says the U.S. economy is “slowly becoming more depressed” and that the spending being pursued by politicians in Washington will “create more poverty.”

[InspCallahan]

Great take-down of the Obama zombie economy. Send this one to all your friends!!

[ImJustAnotherOkie]

Another Nobel Laureate (Obama) says something else. /s/

[C210N]

“create more poverty."

Surely, we can spend our way out of poverty, can't we?

[laplata]

Surely, we can spend our way out of poverty, can’t we?

---

As long as we tax, tax, tax along with the spending./s

[muir_redwoods]

The Founders would have, by this time, gathered powder, patch and ball and dealt with the a$$wipes who hold office in this country. I’m 63 with a game knee but I’d happily join 10,000 men in such an effort. I havevthe necessary.

[VRW Conspirator]

John McClane: Welcome to the party pal!

[45semi]

I'm just wondering how, when, and by what means...
Will we go with a big collapse? and the chaos that follows?
Or slowly swirl down the bowl until we are completely indistinct from Mexico in another 10-15 years...gradually going '3rd-world'?

[DJ Frisat]

"U.S. economy going down"

Hmmmm...

Sequester's fault. I mean, Bush's fault! Wait -- make that Bush's sequester's fault.

Damned Republicans...

[warchild9]

As long as the peasants are diverted by sports, sports, and MORE SPORTS, nothing will happen.

It’s like entertaining an infant with a mobile: colors, movement, and noise...and in the case of football and basketball...sluts...