Remember that clueless turd, PPAA aka LOLA828? Do you like apples?
Well PPAA LOLA, how about these apples?:
Former President Bill Clinton told CNBC Tuesday that the US economy already is in a recession and urged Congress to extend all the tax cuts due to expire at the end of the year.
In a taped interview aired on “Closing Bell,” the still-popular 42nd president called the current economic conditions a “recession” [cnbc explains] and said overzealous Republican plans to cut the deficit threaten to plunge the country further into the debt abyss.
“What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now, and then deal with what’s necessary in the long term debt-reduction plans as soon as they can, which presumably would be after the election,” Clinton said.
That’s what is known is professional economic circles as a “double dip.”
The United Kingdom already is there. We are following.
What is ironic about this is that Scott Walker is working some miracles in Wisconsin by virtue of cutting taxes and cutting the spending of the State Government.
We can have a legitimate debate with President Clinton about what the best course of action is going forward to deal with the global economic downturn. But one thing is clear–Barack Obama is a goddamn fool and does not have a clue about what to do.
Whoops. One final thought for Public labor unions–KISS MY ASS.