Posted on 11/18/2009 6:41:55 AM PST by Shellybenoit
For months economists have been warning that the President's economic policies could be driving the US into a "double-dip" recession.
A "double-dip" recession, occurs when the economy has a recession, emerges from the recession for a short period of growth, and quickly falls back into recession. The recession of the early 1980s is an example of a W-shaped recession. The economy fell into recession from January 1980 to July 1980, shrinking at an 8 percent annual rate from April to June of 1980. The economy then entered a quick period of growth, and in the first three months of 1981 grew at an 8.4 percent annual rate. As the Federal Reserve under Paul Volcker raised interest rates to fight inflation, and economy dipped back into recession from July 1981 to November 1982.
The signs are already there, Unemployment continues to rise, and today in an unexpected announcement we learn that housing starts decreased 10.6% to a seasonally adjusted while economists surveyed by Dow Jones Newswires had forecast a 1.7% increase. The 10.6% fall carried construction to the lowest point in six months, building permits in October fell 4.0% to a 552,000 annual rate, economists had expected permits to rise by 0.9%. Building permits are a sign of future construction therefore this is a sign of a continued slowdown in the construction market.
President Obama may finally be getting the message, in an interview with Fox news to be aired tonight, the POTUS says that if we don't get hold of the deficit we may fall into a double-dip recession, and the way to avoid it,is tax cuts for small businesses:
(Excerpt) Read more at yidwithlid.blogspot.com ...
I don’t trust him.
Talk is cheap.
Key word being he “talks” about it. Just a stalling tactic to get him out of China without any more lectures from the Commies.
no
Running record deficits and then giving small business a small tax cut is not getting it. It’s like trying to cover an amputation with a band-aid.
We know what a “cut” means in liberaleze.
Obama will NEVER get it. Tax cuts are NOT in his vocabulary. His job approval numbers are sinking hard....he gets that part of it.
I don’t know who the Lid is, buy I’ve blown mine! GET’s it???????? He want to kill them and us!
It’s a head fake.
Or, perhaps an “offset”...if healthcare goes through, small businesses are going to need a helluva lot more than a tax cut (that is if they just don’t give in and jump into the public option, which is ultimately what these libertards want).
Talking is what he does. Lets not forget that the Obama campaign strategy was allowed to slip recently and it was all about getting the media to pay attention to what he says and not question him.
He’s going to drag out the $3,000 tax credit for corporations to hire new workers.
No, he will do nothing.
Just more posturing for his poll numbers..........
Yeah, I would like to see what gets tacked on to that bill, if and when.
It'll never happen. He doesn't mean it. He just wants to foll enough people in thinking he's not a commie. He can say it all he wants but he knows that Democrat controlled legislature will never ever pass it.
Like Sammy mentions at the end of this piece; this is just Obie playing to a Fox News viewership and not much else.
And while all of us have our hair on fire about health insurance/cost/care reform and the recession, he and his communist cronies are about to pass the largest most god-awful immigration reform bill any of us have ever seen.
Among other things....this "thing" is going to legalize over 7 MILLION new dem voters.
Try wearing that around your waist for a bit!
WAKE THE HELL UP!!!!!!!
Since when is a democrat’s words connected to their actions?
(Unless their words are “f#$% you!”)
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