
Let me get this straight… Doc Utopia, upon whose shoulders rest the massive debt we’ve acquired since his ascension, and who wants trillions in new debt in the form of health care reform, is warning us that “the piling on of U.S. debt could drag the country into a double-dip recession”.
Speaking in the heart of America’s biggest lender, President Obama told Fox News in an interview Wednesday that the piling on of U.S. debt could drag the country into a “double-dip recession,” though he said he’s still considering additional tax incentives for businesses to reverse the rising unemployment rate.
He wants to spend money to kick-start the economy, but at the same time is in danger of creating too much red ink.
“There may be some tax provisions that can encourage businesses to hire sooner rather than sitting on the sidelines. So we’re taking a look at those,” Obama told Fox News’ Major Garrett. “I think 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.”
Are our biggest debt owners changing his mind, or is this just more lip service paid to whomever happens to be closest at the time?
Or is he really this ridiculous…? This is the man who claimed we could spend our way out of a recession. Now we need to cap spending so we don’t end up in a double dip? How freaking ironic.
And who the hell told him we were in the middle of a recovery???




























18. November 2009
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