Harvard’s Feldstein Sees Risk of ‘Double-Dip’ Recession in U.S. - Bloomberg.com
We are headed for a double dip recession. Obama is borrowing .50 on every dollar spent, we owe the Chinese billions, this is not free money, they charge interest to the tune of millions of dollars a DAY. Now he is going to have to start printing it, flooding the market with it. It's the law of supply and demand, the more of it there is, the less value it has, the more money the government borrows, the more it drives up our interest rates because there is less of it to go around. The train wreck is a comin and it's a comin fast right on top of the first recession. It's my prediction that this little pop up in the economy will crash in the next couple of months. Whopee, what a guy. He needs to go back to Harvard and learn some basic common sense and re-take econ 101. And you guys think he is smart.
He is real proud of those government jobs that he has saved through his no stimulus stimulus bill, but when private industry fails there is no one left to pay the bills or the payroll for all of those saved employees. From what I have seen he is absolutely clueless about this scenario.