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U.S. President Barack Obama takes part in a welcoming ceremony upon arriving in Seoul November 18, 2009. REUTERS/Jim Young (SOUTH KOREA POLITICS)
Posted on 11/18/2009 8:37:31 AM PST by NormsRevenge
BEIJING – President Barack Obama says he's worried that spending too much money to help revive the economy could undermine a fragile U.S. recovery and throw the economy into a double-dip recession.
That's when the economy begins to recover briefly from a recession only to be dragged back under. Obama told Fox News in an interview Wednesday that his administration is weighing tax breaks that could encourage businesses to begin hiring again.
(Excerpt) Read more at news.yahoo.com ...
Oh mY.
believe it when he signs it.
Isn’t this like a guy shooting his neighbor and then saying, “Hey, buddy, you’re bleeding.” ?
Really gives me confidence in the quality of Ivy League schools.
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U.S. President Barack Obama takes part in a welcoming ceremony upon arriving in Seoul November 18, 2009. REUTERS/Jim Young (SOUTH KOREA POLITICS)
North Korean soldiers repair a trench on the north side of the demilitarized zone (DMZ) separating the two Koreas, in this picture taken from south of the DMZ in Paju, about 50 km (31 miles) north of Seoul November 18, 2009. U.S. President Barack Obama will arrive in South Korea on Wednesday and hold a summit with South Korean President Lee Myung-bak on Thursday, with North Korea and a trade deal topping the agenda of their talks. REUTERS/Lee Jae-Won (SOUTH KOREA POLITICS MILITARY)
President Barack Obama says he’s worried that spending too much money to help revive the economy could undermine a fragile U.S. recovery and throw the economy into a double-dip recession.
He’s worried as he keeps spending
Double dip?
Cripes, we are still in THE dip.
Ummm, too little too late?
That "recover briefly" part? Strictly due to the enlightened policies of Barack Obama! Yee Haa! He gave us green shoots!!!
That "dragged back under" part? Well, that there is the long arm of Mr. George W. Bush. [/s]
“Double Dip”, what a perfect nickname for the idiot.
I thought Timmy and Benny told us the recession was over! What’s the deal here??
Well he should know... as he is CAUSING it!!!
Obama was expressing why he is cautious or hesitant to offer the tax cuts. Let me translate, “We would like to offer tax cuts to small businesses (and everyone else for that matter) but we have to be careful because we need the money we are taking from them and would have to borrow it if we don't take it from them. We are definitely going to SPEND it, the point is do we take it from people NOW in taxes or LATER in taxes.”
Raise taxes to lower the deficit..resulting in a downturn in the economy...then spend stimulus money...resulting in higher deficits..then raise taxes.....
I’d like to see him visit North Korea and then be arrested as a spy.
He propose raising taxes on the rich and corporations. Because to him it is not a spending issue. It is revenue issue.
If tax breaks are a good idea now, why weren’t they a good idea back in January? The truth is Obama doesn’t give a damn about other people losing their jobs. Now he’s worried that his cronies in Congress will lose their job, and eventually he will lose his job. That’s why it’s only now that he starts caring about jobs.
Your pic is so appropriate.
It is amazing how often Barry mentions ice cream,
goes out for ice cream
( despite hating ice cream )
or uses terms associated with ice cream.
When Barry announced in Japan that he was the First Pacifier President ,
he also “ charmed the audience with his memories
of a childhood visit to Japan with his mother,...–
but recalls being most interested in consuming
the “matcha” green tea ice cream.”
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