Wednesday, November 18, 2009
Obama: Too much debt could fuel double-dip recession
He just doesn't get it. It's exactly the opposite. Deficit spending saved the world's economy from total collapse. Paring back that spending will create the double dip he is talking about.
It's truly amazing how he can say this. We ran up huge debts fighting WWII and the nation prospered like crazy. We cut the debt in 1937 and we went back into a depression.
It's like still saying the world is flat! If you sail too far you'll fall off the edge of the earth.