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June 4, 2010

Robert Reich: Welcome to the Double Dip Recession

Posted by Gregory of Yardale at June 4, 2010 8:48 AM

Angry Dwarf Robert Reich --- Clinton Era economic advisor and Obama supporter, last seen advocating a Hugo Chavez style takeover of BP --- says last month's job numbers are the first chilly winds of a double-dip recession.

His solution --- because he's a Democrat and the only thing they know how to do is spend other people's money --- is another Spendulus. No, not just another Spendulus, a whole new New Deal.

We need a new New Deal that will bolster America's floundering middle class

He also thinks those worried about trillion dollar deficits are "crazies."

The deficit crazies in the Senate, who can't seem to differentiate between short-term stimulus (necessary) and long-term debt (bad)...

Call me crazy, but isn't long term debt the cumulative product of years of deficit spending (i.e. "Stimulus.")

Hat Tip: Ace of Spades HQ

Chairman Zero, by the way, says everything's fine, things are getting better, and Paul McCartney, wow, what a performer!

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