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Specter says nation on 'brink of a depression'
Yahoo News ^ | 3.9.09 | Yahoo News

Posted on 03/09/2009 2:17:30 PM PDT by Lady GOP

HARRISBURG, Pa. – The nation is on the "brink of a depression," but there's a "reasonable chance" that the $787 billion economic stimulus package will help ease the situation, Sen. Arlen Specter said Monday.

Specter, R-Pa., said the nation's economic situation is more dire than the public has been told, but did not elaborate.

"Our economic problems are enormously serious — more serious than is publicly disclosed. And I think we're on the brink of a depression," he told reporters at the state Capitol.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; US: Pennsylvania
KEYWORDS: 111th; bho44; bhoeconomy; depression; economy; pennarino; senatorsphincter; snarlinarlen; specter; spectertruthfile
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1 posted on 03/09/2009 2:17:30 PM PDT by Lady GOP
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To: Lady GOP

Well, TELL US THEN, you dipsh**!!

Seriously, WTF is with this guy?


2 posted on 03/09/2009 2:19:07 PM PDT by Zeddicus
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To: Lady GOP

Pure genius. /s


3 posted on 03/09/2009 2:19:13 PM PDT by combat_boots (Leave America poor, hungry, sick and defenseless. Wasn't that the plan? How's that Hopenchange now?)
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To: Lady GOP

Specter, you idiot, you have personally added to the nation’s woes.


4 posted on 03/09/2009 2:19:44 PM PDT by Swede Girl (and)
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To: Lady GOP

There was also a very “reasonable chance” the economy would have corrected itself if it hadn’t been manipulated by corrupt politicians.


5 posted on 03/09/2009 2:19:50 PM PDT by bgill
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To: Lady GOP
Specter, R-Pa., said the nation's economic situation is more dire than the public has been told, but did not elaborate.

No kidinng! There's a Marxist in the Whitehouse! D'oh!

6 posted on 03/09/2009 2:20:25 PM PDT by avacado
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To: Lady GOP
And I think

Is he even capable of this????????????????

7 posted on 03/09/2009 2:20:26 PM PDT by jedi150
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To: combat_boots

Why does he care...if he had ANY concern he never would have voted for PORKULUS!


8 posted on 03/09/2009 2:20:35 PM PDT by MNlurker
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To: Lady GOP
"Our economic problems are enormously serious — more serious than is publicly disclosed. And I think we're on the brink of a depression,"

no shyt


9 posted on 03/09/2009 2:20:44 PM PDT by jcb2009 ((I can't tell who the Chi-Coms are anymore))
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To: Lady GOP
And only the heroic bravery of Specter standing against the barbarism of his own party was able to turn back the economic downturn.

Hypervelocity barf alert.

10 posted on 03/09/2009 2:20:57 PM PDT by KarlInOhio (Obama: removing the speed limit on the Road to Serfdom)
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To: Lady GOP

We must have an upper age limit for Congress. These grow old and lose what little intelligence they once had.

Thanks for the info Specter, already knew that.


11 posted on 03/09/2009 2:21:12 PM PDT by txnativegop (God Bless America! (NRA-Endowment))
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To: Zeddicus

Thanks for passing the Stimulus aka spending bill to ensure it WILL be a depression.


12 posted on 03/09/2009 2:21:13 PM PDT by Lady GOP
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To: Lady GOP
Specter, R-Pa., said the nation's economic situation is more dire than the public has been told, but did not elaborate.

Film at 11?

Seriously, these people need to sit down and STFU.

13 posted on 03/09/2009 2:21:31 PM PDT by randog (Tap into America!)
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To: Lady GOP

If we had “spent” 787 billion dollars on tax cuts we would be well on our way to recovery.

We’re on our way to a depression because we just wasted a trillion dollars and everyone know it.

Now that we’ve almost trippled the size of the money supply in 6 months, how long does Senator Dufus think it will be till hyper-inflation sets in. What does he plan to do when inflation is in the teens, and the interest rates to buy a new house is over 20% (as it was in the Carter years)?


14 posted on 03/09/2009 2:21:48 PM PDT by Brookhaven
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To: Lady GOP

Cheers, Arlen. ESAD!


15 posted on 03/09/2009 2:21:48 PM PDT by RushIsMyTeddyBear (Obama dozed.....people froze.)
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To: Lady GOP

“Our economic problems are enormously serious — more serious than is publicly disclosed. And I think we’re on the brink of a depression,”

...hopefully, Wall Street won’t listen to this pock faced goon and tank even more based on his idiotic opinion. They also know that it’s the “bill” that will help propel a depression.


16 posted on 03/09/2009 2:21:56 PM PDT by albie
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To: jcb2009
more serious than is publicly disclosed

I think its about freakin time they disclosed it. People are not stupid but the politicans try to play them like they are. I would say we are on the verge of a global economic meltdown. just a guess.

17 posted on 03/09/2009 2:22:56 PM PDT by Lady GOP
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To: Lady GOP

If I were in PA, I’d literally vote for a liberal democrat over this clown. I would. At least then we’d have some truth in labeling.


18 posted on 03/09/2009 2:23:12 PM PDT by JamesP81 (I shall give their president the same respect they gave mine)
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To: randog
Seriously, these people need to sit down and STFU.

Impeach Congress now. Throw all of them out.

19 posted on 03/09/2009 2:23:30 PM PDT by Lady GOP
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To: Lady GOP
How to Get Your Family out of a Financial Crisis

So you lost your job because you were doing a little too much wheeling and dealing. It is hard to know what to do when you lose your job, especially if you still have teenagers living in the house. Now, the very fact that this crisis is largely of your own making means that it's not beyond your ability to solve. Your problems are rooted in past mistakes, not your capacity for future greatness. It will take time, perhaps many years, but you can rebuild that lost trust and confidence. You can restore opportunity and prosperity.

Steps

1. Announce a Family Recovery and Reinvestment Plan that will immediately jump-start job creation and long-term growth. Since the reason you are in trouble is that a job has been lost, you need to get a job, or better yet, two or three jobs. Only by having jobs in the family can you get yourself back up on your feet. But how are you going to get those jobs when no one is hiring? There is an easy answer.

2. Create jobs by hiring your family members. Just go out and do it. But what, you ask, are you going to hire them to do? And what are you going to use for money? The trick is to kill two birds with one stone, by putting your house into better shape at the same time as you create those jobs.

3. Pay your children to fix up your house. Hopefully you have a few children. The more the merrier. Pay one of them to paint the house green. Pay one to put new sod down on your tired lawn. Pay another one to renovate the kitchen. Won't it be grand to have that nice granite countertop you have always dreamed of? Now is the time! Since the entire family is in a terrible crisis, everyone will go along with your plan, and support it, no questions asked. Just tell them that because you are creating so many great new jobs, there will be gobs of money later. Possibly not this year, but by next year, things are really going to turn around and you will be in the pink. Certain luxuries were out of your reach before, but why shouldn't you get a few goodies out of this family crisis? Put a little weatherstripping in the mudroom and get a high def TV while you are at it.

4. Go to the bank and borrow a few hundred thousand dollars. You are going to be using this money to pay salaries to your children. Yes, it is really that simple. When you are in a terrible financial crisis, the answer is to borrow a huge amount of money. Now is not the time to worry about going into debt. Borrow three hundred thousand dollars. See how easy that is? Now you can pay them one hundred thousand dollars each. Your whole family will instantly go from being down and out, to living on easy street. It is time to set a new course for this family, and that change must begin now. Don't forget to set aside a very small portion of the money to buy a few condoms for your children. Especially if your wife Nancy thinks it's a good idea.

excerpt

link here

20 posted on 03/09/2009 2:25:47 PM PDT by stylin_geek (Liberalism: comparable to a chicken with its head cut off, but with more spastic motions)
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