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Wednesday, November 18, 2009

Stupid Economics

Obama's advice was as follows: Speaking in the heart of America's biggest lender, President Obama told Fox News in an interview Wednesday that the piling on of U.S. debt could drag the country into a "double-dip recession," though he said he's still considering additional tax incentives for businesses to reverse the rising unemployment rate.

Excerpt over. If debt could cause the recession to worsen, one would presume the next statement would be about lessening the debt. Instead, he proposes to increase the boom before the next bust by increasing the debt even more. This is just ridiculous.

http://www.foxnews.com/politics/2009/11/18/obama-warns-double-dip-recession/

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