Breaking: # Obama warns of a 'double dip' recession - 10:24 am

B

ByLoSellHi

Head, shoulders, knees and toes...

...the middle class better hang on to their ankles.

http://www.nasdaq.com/aspx/stock-ma...of-possibility-of-double-diprecessionfox-news


Obama Warns Of Possibility Of 'Double-Dip' Recession -Fox News


DOW JONES NEWSWIRES

President Barack Obama sounded a warning on the economy Wednesday, saying that if the U.S. continues to add to its debt, a double-dip recession could become a possibility. In an interview with Fox News in Beijing, Obama said if the U.S. continues to add to its debt load, Americans could lose confidence in their country's economy in such a way that could lead to a "double-dip" recession.

Full story at www.foxnews.com

-Dow Jones Newswires; 212-416-2900

(END) Dow Jones Newswires
11-18-090857ET
Copyright (c) 2009 Dow Jones & Company, Inc.
 
People should pay attention as this guy is good about telegraphing what is coming. His statement today is about as close as he can get to saying "SELL".
 
Warning of a possible double dip recession is not breaking news. In fact it's old news. I don't care who says it. Politicians always have different motives behind statements like this. Obama didn't say it as a friendly "heads up" to the average Joe, that's for sure.
 
Quote from bozwood:

this is so he will be able to push through another "bail-out" package, IMO.
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Yeah man. House democrats are already talking about passing a brand new stimula$$ bill "buy" the middle of the next month. And look at the great success of the last one, LOL.

BEND OVER FUTURE GENERATIONS!!! We're gonna rape you good and hard and then we'll do it again, and again, and again. . .
 
'Another Stimulus Plan,' starring the American Taxpayers as Jodi Foster (on a pinball machine, wearing a skirt, legs up in the air).
 
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.
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WTF? Isn't that contrary to what all these libtard Keynes dolts think? They're always "spend, spend, spend our way out of the recession", and if we don't climb out it's because we didn't spend enough. And now The One is saying that maybe this is a little nuts?

That's interesting.
 
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