One's Observations

A collection of some things I observe along the way.

Retrieving...

All the words to do more to improve the economy are only words. All the actions from Obama are destroying the economy and creating greater debt.

"President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that
if government debt were to pile up too much, it could lead to a double-dip recession."

"With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction."

"His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia."


"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said." (
Reuters Report)

3 comments:

innominatus said...

A quibble I have with this issue is that claim that it will be "double" dip. The teeny little upturn we're seeing is totally artificial, meaning the second dip is really just a continuation of the first. Obama/Pelosi/Reid spent $787+ billion to make a little speedbump, but the economy continues to speed down the hill with no brakes.

Opus #6 said...

It's only a depression if a Republican is president. If a Democrat is, the state run media will find a way to explain it all away.

Anonymous said...

Don't folks, Obama is holding a "Jobs Summit" in December. Our problems will be solved then.

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