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Heading For A Double-Dip Recession?
Investor's Business Daily ^ | 8/2/11 | Staff

Posted on 08/02/2011 5:21:45 PM PDT by Nachum

Recession: A day after purchasing managers reported an "unexpected" slump in manufacturing, another surprise report shows consumer spending falling for the first time in nearly two years. Double dip, anyone? Despite of the largest Keynesian spending splurge in the history of the planet, the economy continues to founder. The last two years' "stimulus" — meant to get consumers and businesses humming again — was in excess of 10% of GDP, an unheard of economic intervention, exceeding even FDR's during the Depression.

(Excerpt) Read more at investors.com ...


TOPICS: News/Current Events
KEYWORDS: doubledip; heading; recession
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1 posted on 08/02/2011 5:21:50 PM PDT by Nachum
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To: Nachum

What double dip! We never got out of the first dip.

Oh I forgetted. The summer of recovery.

But hey. We won. I’m going back to the shire.


2 posted on 08/02/2011 5:26:12 PM PDT by barstoolblues
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To: Nachum

When did we recover from the first recession? What did I miss?


3 posted on 08/02/2011 5:26:36 PM PDT by ChiMark
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To: Nachum

“Despite of the largest Keynesian spending splurge in the history of the planet, the economy continues to founder.”

As Gomer Pyle said “Surprise surprise suprise!” Keynesian economics has failed every time that it has been tried. But what do I know? I did not go to an Ivy League school.


4 posted on 08/02/2011 5:28:45 PM PDT by forgotten man (forgotten man)
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To: ChiMark

When unemployment went below 9% for a couple of months, THAT was the recovery.


5 posted on 08/02/2011 5:30:53 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Nachum
We never recovered from the Food Stamp President's first Recession?

Now that the Debt Deal Shell Game passed, our Dear Leader can celebrate his 50th birthday just like Der Führer; and his racist man-wife can go on another expensive "vacation."


6 posted on 08/02/2011 5:34:24 PM PDT by SkyPilot
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To: Nachum

I don’t care what the fancy pants e-con-o-mists say. The first recession never ended. We’re right in the midst of it. Every thing nobama has tried has turned to sh1t. Every brilliant idea he has had just adds to the misery.

nobama, you’re a royal screwup.


7 posted on 08/02/2011 5:35:01 PM PDT by upchuck (ANY plan that spreads cuts over 10 years is a canard. Cut NOW, not in ten years. 1% plan is a winner)
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To: barstoolblues
But hey. We won. I’m going back to the shire.

That's the first place they will go for revenue to confiscate.

Go Galt, it pays better....

8 posted on 08/02/2011 5:35:04 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Nachum
heading for???

.

9 posted on 08/02/2011 5:35:58 PM PDT by Elle Bee
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To: Blood of Tyrants

When did that happen? I could be wrong but I don’t think it did. It went to 10% then came back down.

But I’m just a poor Hobbitt I am. Oh yeah, and hezbollah too. Just call me Bilbo ibn Frodo.


10 posted on 08/02/2011 5:36:29 PM PDT by barstoolblues
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To: Blood of Tyrants

When did that happen? I could be wrong but I don’t think it did. It went to 10% then came back down.

But I’m just a poor Hobbitt I am. Oh yeah, and hezbollah too. Just call me Bilbo ibn Frodo.


11 posted on 08/02/2011 5:36:38 PM PDT by barstoolblues
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To: Nachum

I have a friend who owns a Chevy dealership in Tucon....as of the 18th of July, he has sold only 14 cars.


12 posted on 08/02/2011 5:37:10 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
"Tucon?"

No wonder, nobody ever heard of it. ;-)

13 posted on 08/02/2011 5:41:37 PM PDT by Average Al
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To: upchuck
nobama, you’re a royal screwup.

--------------------------

Spot on upchuck!

I AGREE WITH THAT

It's Obama's Economy Now, Lock, Stock and Obamanation Barrel

So Zer0's economy continues on a downward track to a total collapse. Once you go over a cliff you cannot stop halfway down. New taxes and the DeathCare bill that he and Nancy put in place might finish us off.

BOHIC-A!

debt-direction2
One more victory like the debt deal and the U.S. could be ruined.

14 posted on 08/02/2011 5:42:29 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: upchuck
"Every thing nobama has tried has turned to sh1t. Every brilliant idea he has had just adds to the misery."

As it was intended to!

15 posted on 08/02/2011 5:46:11 PM PDT by piytar (The Obama Depression. Say it early, say it often. Why? Because it's TRUE.)
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To: Nachum

Really tired of all editorials and articles stating the obvious...double-dip horse ka ka...single depression, yes.

Any boost or recovery was a facade due to governmental prop ups.


16 posted on 08/02/2011 5:47:20 PM PDT by CincyRichieRich (Keep your head up and keep moving forward!)
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To: Nachum

We are heading for the inevitable acknowledgment that we have been in a double dip recession for several months now, and if the economy gets much worse we will be well on our way to Depression before anyone admits that...


17 posted on 08/02/2011 6:00:52 PM PDT by Bean Counter (Knowledge is pitiless.)
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To: Average Al

Uh Tucson?......I tried to fix it...too late : )


18 posted on 08/02/2011 6:02:06 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

Yes it happens all the the time to me too.
FR should have a double spell check after
we try to post...


19 posted on 08/02/2011 6:06:54 PM PDT by Average Al
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To: stephenjohnbanker
"I have a friend who owns a Chevy dealership in Tucon....as of the 18th of July, he has sold only 14 cars."

Oy vey.

20 posted on 08/02/2011 6:07:12 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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