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View Full Version : U.S. Issues White House: no double-dip recession seen


petegz28
08-03-2011, 02:59 PM
WASHINGTON (AP) President Barack Obama's spokesman is discounting talk that the economy may be headed back into recession, despite recent concerns of economists.

Spokesman Jay Carney says there is no question that economic growth and job creation have slowed over the past half year.

But, Carney told a White House briefing, "We do not believe that there is a threat of a double-dip recession."

The recession that began in December 2007 officially ended in summer 2009 and the economy has seen growth since then. However, that growth has slowed to a trickle in recent months.

He blamed the earthquake and tsunami in Japan, higher energy prices, default worries in Europe and recently resolved uncertainty over raising America's borrowing limit. Carney said, "We believe the economy will continue to grow."

http://www.google.com/hostednews/ap/article/ALeqM5iK_r7TfKdafL82NcjnD61VJUw22w?docId=8302acd329064972a80658607e4eee33

petegz28
08-03-2011, 02:59 PM
Flashback: Obama says unemployment will never go over 8%.

jiveturkey
08-03-2011, 03:06 PM
It certainly seems like we're heading towards another major dip, which is going to hurt even more than usual because we've barely limp along since the last official recession.

loochy
08-03-2011, 03:07 PM
Oh, ok. Those White House folk are soo in tune with the economy.

ROYC75
08-03-2011, 04:27 PM
Oh, ok. Those White House folk are soo in tune with the economy.

Was it the economist that quit on the economy or the economy that quit on the economist?

NewChief
08-03-2011, 04:47 PM
I know I feel better already. I think I'll go out and buy some shit.

trndobrd
08-03-2011, 04:56 PM
Flashback: Obama says unemployment will never go over 8%.


Yeah, but the higher unemployment was 'unexpected'.

HonestChieffan
08-03-2011, 05:20 PM
This is like the team owner pledging his support to the head coach.......Bet on a double dip.

banyon
08-03-2011, 06:37 PM
Flashback: Obama says unemployment will never go over 8%.

He never did. We went over that before, but apparently you forgot.

petegz28
08-03-2011, 09:14 PM
He never did. We went over that before, but apparently you forgot.

Yeah, actually he did. The point is, they were wrong about the impact of the stimulus and they have been wrong about just about every economic statement they have made. You know this, I know this.

Bewbies
08-03-2011, 09:20 PM
There's no time for this, Obama is laser focused on jobs.





Again, unlike the multiple times in the last 2 years that he was laser focused on jobs.

Bewbies
08-03-2011, 09:20 PM
I know I feel better already. I think I'll go out and buy some shit.

:thumb:

HonestChieffan
08-03-2011, 09:21 PM
There's no time for this, Obama is laser focused on jobs.





Again, unlike the multiple times in the last 2 years that he was laser focused on jobs.

But this time its HIS job.

petegz28
08-03-2011, 09:26 PM
He never did. We went over that before, but apparently you forgot.

Barney Frank disagrees...

It was "dumb" for President Obama and his aides to promise that unemployment would not surpass 8 percent if the stimulus act passed, a top House Democrat said Tuesday.

http://thehill.com/blogs/blog-briefing-room/news/114753-frank-obama-admin-dumb-to-predict-no-higher-than-8-unemployment

Bewbies
08-03-2011, 09:26 PM
But this time its HIS job.

Anyone who thinks he's actually worried about any other jobs is crazy. Even his stimulus package that was sent to help union members keep their jobs was for money for his re-election campaign.