Wow.. another news article with bleak economic forecast..

Discussion in 'Current Events' started by DiamondDave, Jul 6, 2010.

  1. DiamondDave
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    DiamondDave Army Vet

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    8 Problems That Could Trigger a Double-Dip Recession - Yahoo! Finance

    And not a winger source either.. this makes about 7 articles I have seen in the past month, in the mainstream media that usually kisses Obama and the left's butt, where the forecast is much different than what we hear in most places (including from the fat left wing nutjobs on this board)

    Thoughts?
     
  2. WillowTree
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    WillowTree Diamond Member

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    Maybe that's their plan Stan!
     
  3. topspin
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    topspin BANNED

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    consensus of economist still forecast 2 to 3% growth. Fear sells, good news get's ignored in this cycle.
     
  4. Claudette
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    Claudette Gold Member

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    I've heard the same. Lots of talk of a double dip receission.

    After the $8,000 giveaway to new home buyers the housing market has tanked again. That along with the no stimulus to the stimulus package makes it start to look pretty grim again.

    Wonder how OL'BO and his merry band will spin this??

    Oh wait. I forgot Its still Bush's fault. LOL
     
  5. Nonelitist
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    Nonelitist BANNED

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    2-3 months ago, when there was supposed good news about the economy, the libs on here were touting Obama and his fix for the economy.

    But now that the economy is tanking again, the libs have dropped their claim that Obama was affecting the economy and again are stating that it is Bush's fault.
    hypocrites
     
  6. Baruch Menachem
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    Baruch Menachem '

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    If the newsies are talking second recession, we might see 14% growth this quarter. They are pretty consistently wrong.

    I am pretty sure we are in for another splat. Tax increases from 0bamacare are going into effect, and in January there will be another huge tax increase. There are lots of bad portents, very few good ones.
     
  7. Meister
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    Meister VIP Member Supporting Member

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    But, but, but, Nan' said that won't be a tax increase....it's just the taxes going back to where they were before they were cut..(then there was that wink and a nod smile of hers.)
     
  8. topspin
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    topspin BANNED

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    they just renewed the housing tax credit, they will use every tool to buy votes and growth.
     
  9. Meister
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    Meister VIP Member Supporting Member

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    Consensus from the obama administration you mean. Get away from those type and you get a real feel of how poorly we're doing.

    Fears that economic recovery is fizzling grew yesterday after the government and private sector issued weak reports on a number of fronts.
    Economic recovery faltering, data suggest - The Boston Globe
     
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  10. topspin
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    Consensus of all economist, the last one's I want to hear from are the ones who predicted under 8% unemployment last year from the stimulus.
    Business economist are predicting growth:lol:
     

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