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Title: Obama: Too much debt could fuel double-dip recession
Source: Reuters
URL Source: http://www.reuters.com/article/marketsNews/idUSN188108620091118
Published: Nov 18, 2009
Author: Staff
Post Date: 2009-11-18 07:38:03 by noone222
Keywords: None
Views: 334
Comments: 15

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

Fox News, which released a transcript of the interview, showed that comment by Obama on Wednesday morning and said the full discussion would be broadcast later in the day. (Reporting by Caren Bohan; Editing by John O'Callaghan)


Poster Comment:

Ya just can't make this shit up ... is this the POT calling the NIGGER Black or what ???

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Begin Trace Mode for Comment # 5.

#1. To: noone222 (#0)

Obama: Too much debt could fuel double-dip recession

What is this guy smoking?

What is health care and cap and trade going to do, but push the deficit out of sight?

Obama (the "I" man) sounds more and more ridiculous every day.

your_neighbor  posted on  2009-11-18   8:04:42 ET  Reply   Untrace   Trace   Private Reply  


#2. To: your_neighbor (#1)

Obama (the "I" man) sounds more and more ridiculous every day.

Wow.....You said something that isn't stupid.

A K A Stone  posted on  2009-11-18   8:09:11 ET  Reply   Untrace   Trace   Private Reply  


#3. To: A K A Stone (#2) (Edited)

Obama (the "I" man) sounds more and more ridiculous every day.

Wow.....You said something that isn't stupid.

I was going to say something about the bad advice he was getting from his Jewish handlers – but I figured you were still on line and that you had suffered enough for one day - right?

your_neighbor  posted on  2009-11-18   8:29:18 ET  Reply   Untrace   Trace   Private Reply  


#4. To: your_neighbor (#3)

I was going to say something about the bad advice he was getting from his Jewish handlers – but I figured you were still on line and that you had suffered enough for the day - right?

Your comment is not borderline stupidity. You have crossed over into the stupid category.

If Obama was a tool of the Jews he wouldn't be bitching about Jews building themselves houses to live in.

Obama is like you. He hates Jews. So you have at least something in common with the Kenyanh.

A K A Stone  posted on  2009-11-18   8:35:35 ET  Reply   Untrace   Trace   Private Reply  


#5. To: A K A Stone (#4)

If Obama was a tool of the Jews he wouldn't be bitching about Jews building themselves houses to live in.

Obama is like you. He hates Jews.

PLEASE - tell us you are a comic --- RIGHT?????

your_neighbor  posted on  2009-11-18   8:53:42 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 5.

#8. To: your_neighbor (#5)

PLEASE - tell us you are a comic --- RIGHT?????

No but you are a joke.

A K A Stone  posted on  2009-11-18 08:57:37 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 5.

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