Obamanomics Recession
By Anonymous — Wednesday, June 9th, 2010
Written By Dick Morris The drop in the stock market (now about 1,000 points on the Dow) is a graphic indication of the stark fact that we are entering the infamous double dip of the recession, long feared and predicted. The economy is not in a V after all (down and then up), but in a W (down, up, down again, and then, finally, up). And the cause of the second dip is not the recession itself, but the cure administered to it by President Obama and the Democratic Congress. Consider the indications (data provided by the New America Foundation, analysis by Sherle R. Schwanninger and Samuel Sherraden): · GDP growth has been... http://www.dickmorris.com/blog/2010/06/09/obamanomics-recession/ |