(Robert Reich) The Truth About The Economy: We're Heading Back Toward A Double Dip

Business Insider ^ | 03/31/2011 | Robert Reich

[The Magical Mischief Tour]

But isn’t the economy growing again – by an estimated 2.5 to 2.9 percent this year? Yes, but that’s even less than peanuts. The deeper the economic hole, the faster the growth needed to get back on track. By this point we’d expect growth of 4 to 6 percent. In 1934, emerging from the deepest hole of the Great Depression, the economy grew 7.7 percent. The next year it grew over 8 percent. In 1936 it grew a whopping 14.1 percent.

Add to these data two other ominous signs:

[Red in Blue PA]

How many recoveries have started with increasing oil prices, increasing food prices, increasing commodity prices, and a downturn in housing?

Anyone have those numbers?

Reovery summer v 2.0 here we come!/s

[Spok]

Eventually, even the MSM will have to admit that Obama is destroying this economy. Or not.

[AngelesCrestHighway]

Smoke and mirrors from the media and White House.....

[NWFLConservative]

Any Animal House fans out there? You will immediately recognize the photo! Of course I changed it a little.....hehehe

[Red6]

But Obama gave a nice speech and the media said it was all good now! lol

[workerbee]

Robert Reich, the little Clintonista pipsqueak? Doesn’t sound too happy with the current way of things. Hmm... wonder if he and Hillary have something up their sleeves.

[Bitsy]

MSM will have to admit that Obama is destroying this economy

N E V E R! The egotistical leftists who head the MSN don’t have it in their DNA to turn against the left, democrats or obama. After all, they helped get the dumb bunny elected - how would that look?

[Red in Blue PA]

Point taken.....but thatis the worst Photoshop job ever!

[Paraclete]

We haven’t experienced the real pain from the economic collapse. That will be brought by inflation and we’re getting some strong “whiffs” right now.

[ClearCase_guy]

His analysis comes up a little short.

[radpolis]

So this means we will have 2 recessions in 4 years under Barack Obama’s watch with trillions more added to the debt and a massive new entitlement to fund.

If Barack Obama was a white Republican instead of a black Democrat, the liberal media would have already declared this presidency over.

I was never a fan of Bush, but Barack Obama is exponentially worse than Bush on every level, but hey, so long as Barack Obama has the votes, confidence and propaganda of the liberal media, all is rosy and Barack Obama is still the Messiah saving us from destruction, even if he is the cause of that destruction.

[dfwgator]

There are those who think little of him.

[El Cid]

At least there is some good news embedded in this message: Robert Reich said it - so probably the opposite will happen...

[The_Reader_David]

Oh, sure, months and months of “recovery” and the next down-turn will be a “double-dip” so they can claim its part of the “Bush Recession”. Rubbish. I will be the Obama Recession (or Obama Depression).

[headstamp 2]

“His analysis comes up a little short.”

By about two phone books.

[RC one]

they can’t pass a balanced budget. They can not pay the interest on the debt without creating more debt; thus, the republic is insolvent. Nothing good can come of that.

[Cementjungle]

MSM will have to admit that Obama is destroying this economy

All the scientists economists agree, it's Bush's fault.

[Aevery_Freeman]

I'm guessing "Or not."

For the media just to proclaim that Obama was merely mortal would be an embarrassment worthy of hari-kari.

It won't happen ever. The press still worships FDR. We will not see the end of Obama idolatry in our lifetimes.