Romney Victory Could Mean 'Double-Dip Recession'

If Mitt Romney is elected president, then the economy may experience another recession, according to Paul Krugman.

"I think there's a real chance that he'll manage to pursue a policy in the first couple of years that simultaneously blows up the deficit and depresses the economy," the Nobel Prize-winning economist said on HuffPost Live Wednesday. "Tax cuts for the rich, who won't spend them, and slash spending for the poor and the middle class, who will be forced to cut back. And so we end up managing to have a simultaneous deficit explosion and double-dip recession."

Krugman said that over the long term, Romney's economic policies could lead to a "depression," saying: "It's the Republican policies that are much more likely to make us end up like Greece."

http://www.huffingtonpost.com/2012/10/2 ... lp00000009

Personally I think a double dip recession is coming no matter who wins. The world is ailing, and Obama will be unable to get any new stimulus past the GOP Congress.

Is a recession/depression a price conservatives are willing to pay to put a Republican in the White House?

And its so obvious..Give poor people money and it goes right back into the economy, they'll spend every dime of it, but give rich people money and it sits in offshore tax sheltered accounts..Pure capitilism died in 1929 folks, ever since then the government has pumped billions a year into our economy every year to stasbilize it- So the choice is clear- You want the money going down the toilet in defense spending and into already filthy rich peoples bank accounts, or do you want the money spent in our communities in infrastructure investments and people buying consumer goods?

Thats the big difference between the two parties..

archer wrote: Is a recession/depression a price conservatives are willing to pay to put a Republican in the White House?

Yep. Because it won't be as bad as if we keep the current Democrat.

I particularly love this line:

"I'm not concerned about the very poor...We have a safety net." --Mittens

But pay no attention to the fact that we're about to cut that safety net by something close to between $1-2 Trillion... Meh, let the 47% eat cake....

Nobody that matters wrote:

archer wrote: Is a recession/depression a price conservatives are willing to pay to put a Republican in the White House?

Yep. Because it won't be as bad as if we keep the current Democrat.

Really..losing 700,000 jobs as month every month is better than this.. What measuring stick are therse racist crackers using?

I think there's a real chance that Paul Krugman is a leftist hack - because he dosn't know what the hell he's talking about.

While there's a chance we may already be back in recession- it's not because of Romney- it's because we have had an anti-business president for the last 4 years.

It's because Obama kept spending- even when he knew damn well that the economy couldn't afford it. Many companies are hunkered down, unwilling to invest in this backwards economy, they wait for the day when government is not the enemy. Their waiting for the day when the attacks stop- and class warfare on the producers comes to an end.

I know that the economy will get an immediate boost if Romney is elected- many will look to the future and start to invest again.

I know I will.

Since the stimulus package dreamed up by Pelosi and Reid failed for the most part, it is totally understandable that Republican and independent voters would be leery of spending another 5 trillion that let unemployment stay above 8%.

Democracy4Sale wrote: I particularly love this line:

"I'm not concerned about the very poor...We have a safety net." --Mittens

But pay no attention to the fact that we're about to cut that safety net by something close to between $1-2 Trillion... Meh, let the 47% eat cake....

:faint: LJ & Barry's only solution, spend trillions and still have record numbers unemployed, record numbers on food stamps, household incomes continuing to fall.