Posted on 06/16/2011 1:27:53 PM PDT by RWK
Chances are 'substantial' that the United States is headed back into a recession, says economist, author and Yale University Professor Robert Shiller.
A weak U.S. housing market and a murky global economy indicate that the country is at a "tipping point" at the edge of a fresh economic contraction.
(Excerpt) Read more at moneynews.com ...
It's tragic that it should come to this, but the silver lining is that a double-dip would obliterate Obama's re-election chances.
I would like to be optimistic that would be the case, but when you consider how many people are receiving handouts and want to continue doing so, he has a formidable electorate. It is my hope and prayer that Americans will wake-up to the damage he is causing, and they will have enough oomph at the polls to boot him.
No problem. Just print up a few trillion more and spread the wealth around. Never fear, Obama’s near.
I would rather the economy tank and Obama be de-elected, rather than having it tick up just enough for four more years with maybe 10-20 years to overcome the damage.
Man I’ll tell ya, nothing gets past these economic experts. Nothing escapes their razor sharp minds. The fact that any housewife or Joe on the street coulda told us the same thing for a whole lot less shouldn’t detract from the bowing and scraping they expect from we commoners as their due.
Even the recession is going into recession?
” New Recession “
Mom always told me I had to finish the one I’ve got before I can have a new one....
It’s the second recession for now as long as Obama is president. As soon as a Republican is elected president we will suddenly be thrust into the next Great Depression. All of the fudged numbers will “unexpectedly become un-fudged” And it will be all the republicans fault. According to the media of course.
A new recession? Is that like having double Pneumonia?
I remember Nixon saying that “A recession is any time
the American people lose faith in the future.” I didn’t
know we had regained our faith already.
Serious... When are they saying we got out? That
Inth unemployment dipped to 8.9%?
I was going to say something similar, but your comment is much, much better.
He claimed it was the heat.
I told him remember what I told you 3 months ago that this fake economy would come crashing down by Summer.
“Mom always told me I had to finish the one I’ve got before I can have a new one....”
What’s wrong with the one we have now?
Have we become such a wasteful, spendthrift society that we just have to toss stuff out because it’s “old”?
I remember Reagan saying that "a recession is when your neighbor loses his job and a depression is when you lose your job and a recovery is when Jimmy Carter loses his job." Update that saying by 30 years.
A default will offer the opening to depose legalized thieveries altogether, for a moment. That moment should be spent getting better leadership in at every level of business, politics and academia. Until then, no politics or money for them.
Truth is, we NEVER got out of the recession. TARP, the stimulus, QE1, QE2, etc. was just puttin’ lipstick on the pig. Looks good for a while, but after it wears off - the pig is STILL a pig ...
NONE of these “fixes” EVER addressed the underlying monetary and [non]-regulatory policies that got us into it in the first place ...
Indeed, at least if a double-dip washes him back out of office, then his successor can do the real work of fixing this mess. No blame game, just credit (and responsibility) as appropriate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.