Patriot Update - A Free Press for the Conservative Revolution

Politics:

Regime Flip-Flops on Double-Dip

Now, here's this AP story: "White House Warns Tax Defeat Could Trigger New Recession -- ... Larry Summers, Obama’s chief economic adviser, told reporters that if the overall tax package isn’t passed soon, it will 'materially increase the risk the economy would stall out and we would have a double-dip' recession. That put the White House in the unusual position of warning its own party’s lawmakers they could be to blame for calamitous consequences if they go against the president. ... Summers’ remarks contrasted with Obama’s comments at a news conference Tuesday." Obama said, "We don’t have the danger of a double-dip recession." So Obama Tuesday, "There's no worry here of a double-dip recession." Summers, the next day, "If we don't pass this thing soon, we risk a double-dip recession."

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