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Old 08-01-2010, 10:03 AM   #1
Felix The Assassin
The Dreadnoks
 

Join Date: September 27, 2001
Location: Orlando, FL
Age: 61
Posts: 3,608
Default Double dip Recession?

And this was on MSNBC of all places. How dare them degrade the POTUS like this!


WASHINGTON — They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery.

They're the Double Dippers — the politicians, economists and analysts who foresee back-to-back recessions.

Their warnings could become self-fulfilling prophecies if they frighten enough people into holding tightly onto their wallets. With consumer spending accounting for two-thirds of economic activity, anything that further rattles consumers can undercut recovery hopes.

Recent data has shown that, after growing moderately for most of the past year, the U.S. economy appears to be slowing. This was underscored by Friday's government report that U.S. economic growth slowed to 2.4 percent from April to May, down from a revised 3.7 percent in the previous quarter. Such statistics are providing more ammunition to the double dippers.


http://www.msnbc.msn.com/id/38507261/ns/politics
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