Obama Warns Debt Could Fuel 'Double-Dip Recession'
http://www.foxnews.com/politics/2009/11/18/obama-warns-double-dip-recession/
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Friday, November 20, 2009
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“the stimulus is doing what it was supposed to do — it is contributing to ending the recession,” he added, citing the economy’s third-quarter expansion by a 3.5 percent seasonally adjusted annual rate. “In my view, without the stimulus, G.D.P. would still be negative and unemployment would be firmly over 11 percent. And there are a little over 1.1 million more jobs out there as of October than would have been out there without the stimulus.”
Mark Zandi, chief economist of Moody’s Economy.com
http://www.nytimes.com/2009/11/21/business/economy/21stimulus.html?_r=1&hp
Posted by: jmark | Saturday, November 21, 2009 at 10:10 AM