From The New York Times:
It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United States economy that fell further and recovered less than we had thought.
I said last year that we would hit a double dip in the second half of this year. Looks like I was right…
And we will get hit with a double whammy. The 7 trillion dollars in new debt and the downgrade of our credit rating. The White House is preparing for it. Looks like Obama will get his tax increase after all. A drop in the bond rating is the same as a tax increase for all Americans. Obama said so…
So now we can all pin the tax increase on Obama.
Never surrender, never submit.