Obama Warns on Double Dip Recession if We Don't Get Our Spending Under Control (WHAT?!)

Wednesday, November 18, 2009 , , , 1 Comments



Who the fuck is he warning?! Get the man a mirror.

Reuters:

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.

NO SHIT DUDE, NOW WHAT ARE YOU DOING TO CHANGE IT?!?!?!?!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

1 comments:

David said...

Comments like "This may lead to a civil war in Iraq" usually turn out to be after the fact. Politicians dare not observe any more than the obvious.