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 ...
The retired parents of some friends of mine are moving in with them. They’ve lost more than half of their retirement.
Nothing. Really.
Typical establishment RINO, groupthink B.S. artists that passes for political leadership now a days.
Market going down again tomorrow.... how about you elite assh*les disclosing the truth. We can take it because we have more brains than any of you critters.
Sheesh. You'd think they were concealing Area 51 aliens or something... They can't disclose because "the people" would freak out... Well, Spincter, the market is freaking out and y'all shouldn't be too thrilled about your prospects for reelection...
Nice try with the "CYA" approach, Arlen. You are pathetic.
sw
Hey Specter, that will sure help the market... you fricking traitor.
How’s that brain cancer... inquiring minds want to know.
Yep they are serious alright. With 8000 PORK projects in the budget it has to be REAL SERIOUS!
The K-Y Jelly school of economic stimulation...
Oh God, that is rich. That is ENTIRELY what the gooberment has been trying to do, raise house, stock, share, commodity prices. Right this minute. Of course prices are going to rise, way way before the 'recovery'. This is what is going to pull the financial chestnuts out of the fire. (Naturally poor, working, modest income people will have to take it in the neck, but frankly, what are the masses good for if not dumping a big steaming pile of tax, price, debt crap upon?)
There’ll be a special stockade on the National Mall for Specter next to Schumer et al.
absolutely! His porkulus vote sealed his fate as an Obamamaton.
LOL! For some reason this strikes me along the lines of when Rush whispers to a caller, telling him, "Now don't tell anybody this, just keep it between you and me..."
This geezer is a joke.
Am I supposed to care what this person says any longer?
I tell ya, today’s politicians are some of the dumbest sons a bitches on the face of the earth. Totally worthless.
It was disclosed in secret, but Americans weren’t given opportunity to get their money out...but Congress’s money was taken out of banks in time, no doubt:
http://www.mortgagegrapevine.com/thread/?thread=547844
“I think we’re pretty close to the edge anyway, to be very brutally blunt about it.”
And he’s probably right....
The only ways out of a Recession/Depression is innovation and production, BOTH of which have been almost eliminated in America thanks to Democrat policy.
Livonia, Phillipps, and Halcion have all closed LIGHT BULB plants across America ahead of new regs REQUIRING mercury-filled light-bulbs. The potential enviro liability in America is just too great to manufacture them here anymore.
And that is just ONE example.
One could argue that oil is down because of the global recession. Or, one could argue that Oil is a deflation beater like it was last summer at $145 or, one could argue that there isn't enough money left in the world to fiddle with oil prices at all, or, one could just argue!
How have we survived without him?
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