We Are Heading Towards a Double Dip Recession

[steelmania75]

All the signs are there. Still no powerful regulations on Wall Street, and as a result the casino mentality has returned stronger than ever as the stock market has rebounded, but not Main Street. The US Economy only added 18,000 jobs this month, bringing unemployment up to 9.2%. The economic stimulus was not enough to boost the economy since there was a lack in filling the needs in areas such as education, health care, energy, and infrastructure. Now, what they're debating in Washington is the deficit and debt instead of creating jobs and as a result, social programs are being cut which will really hurt people in this "recovery". Meanwhile, Greece may default on its debt, and as a result, other debt-ridden countries such as Spain, Italy, and Portugal could fall too, creating a domino effect that brings Europe back into recession, as well as the United States. The United States may default on its debt as well, but not likely, as the Republicans are getting exactly what they wanted and that is talks about cuts to Social Security, Medicare, and Medicaid. Even when the United States doesn't default on its debt and raises its debt ceiling, the deal that will been struck is a step toward the privatization of Social Security and Medicare, and that could lead to economic catastrophe for millions of seniors. We desperately need a Second New Deal to boost this economy.

[PATRICK]

1. Same recession

after money and some stimulus has been thrown into the fire. Fire isn't out, now we throw in the gasoline.

[FreakinDJ]

2. Correction - We ARE in the Double Dip now

and heading down

The time to act was 6 months ago when RATpubliCON lawmakers were rejecting funding for infrastructure construction projects

[edhopper]

3. See my post

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1443165

[no_hypocrisy]

4. Does it get any better or how long is it likely to exist?

[stockholmer]

5. there never was a recovery to go back into double dip from, all you had was trillions in QE stimulus

that artificially propped up the rigged stock market.

[marmar]

6. For the majority of people, the last one never ended.

nt

[misanthrope]

7. I always like two dips on my cone**nm

**

[WheelWalker]

8. Double your pleasure, double your fun * * *

[kestrel91316]

9. We've been in the second dip for months now.

We notice these things here in the trenches.

[tritsofme]

10. It would be a new recession, not a double dip

The last recession officially ended in June 2009, there has been two years of continuous growth in that time. Since WWII it has not been atypical for there to be a recession every three years.