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Wednesday, November 18, 2009

Obama Warns of New Downturn

“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.” (Fox News, Wednesday)

Let’s face it. He has no idea what to do.

FEE Timely Classic
“In Another Recession” by Hans F. Sennholz

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.