White House: no double-dip recession seen

[petegz28]

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/...0658607e4eee33

[petegz28]

Flashback: Obama says unemployment will never go over 8%.

[jiveturkey]

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]

Oh, ok. Those White House folk are soo in tune with the economy.

[ROYC75]

Originally Posted by loochy

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]

I know I feel better already. I think I'll go out and buy some shit.

[trndobrd]

Originally Posted by petegz28

Flashback: Obama says unemployment will never go over 8%.

Yeah, but the higher unemployment was 'unexpected'.

[HonestChieffan]

This is like the team owner pledging his support to the head coach.......Bet on a double dip.

[banyon]

Originally Posted by petegz28

Flashback: Obama says unemployment will never go over 8%.

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

[petegz28]

Originally Posted by banyon

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]

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]

Originally Posted by NewChief

I know I feel better already. I think I'll go out and buy some shit.

[HonestChieffan]

Originally Posted by Bewbies

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]

Originally Posted by banyon

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-briefi...8-unemployment

[Bewbies]

Originally Posted by HonestChieffan

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.