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View Full Version : DUmmie implosion continues



djones520
12-08-2010, 04:42 PM
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4649498


sasha031 (1000+ posts) Wed Dec-08-10 04:14 PM
Original message
Larry Summers: If Tax Deal Goes Down There's A 'Significant Risk' Of A Double Dip Recession
Source: Huffington Post

Senior White House officials significantly raised the stakes on congressional Democrats in their efforts to get a deal passed on the Bush tax cuts, warning on Wednesday that inaction would "significantly increase the risk" of a double dip recession. It wasn't quite the metaphorical flare of mushroom cloud imagery, but outgoing senior economic adviser Larry Summers offered a fairly dire assessment of the stakes in the tax cut debate.

"If they don't pass this bill in the next couple weeks it will materially increase the risk that the economy would stall out and we would have a double dip," he told a gathering of reporters at an off camera briefing.
A double dip recession?
"What I said it would significantly increase the risk," Summers replied.
The message was hardly subtle. But it certainly was debatable. Summers himself, downplayed the significance of continuing the Bush tax cuts back in September -- though he was speaking, then, about the rates for the rich and the tax cut deal, at that point in time, did not include money for a 13-month extension of unemployment insurance or other tax incentives to help lower income workers.

Read more: http://www.huffingtonpost.com/2010/12/08/larry-summers-...




DURHAM D (1000+ posts) Wed Dec-08-10 04:16 PM
Response to Original message
1. Judas Goat.
The person he is leading to slaughter is the President.
Followed by the Democratic Party.
Followed by the middle class.



thereismore (1000+ posts) Wed Dec-08-10 04:19 PM
Response to Original message
3. Fucking. Larry. Summers. nt



Hell Hath No Fury (1000+ posts) Wed Dec-08-10 04:21 PM
Response to Original message
5. BOO!!!!
OMG!

Sorry, Dude, it didn't work when Bush used it on me, it ain't gonna work now.



tomm2thumbs (1000+ posts) Wed Dec-08-10 04:25 PM
Response to Original message
8. I'm so f*cking scared, I just sh*t myself

oh wait, that's from last years 'take this no-public-option healthcare deal or we go bankrupt' episode

I need to keep track of these threats or I'll lose track



I thought Republicans were the fear-mongers? :confused:


kenfrequed (1000+ posts) Wed Dec-08-10 04:31 PM
Response to Original message
11. And... if we pass it
We will slump into another trillion dollars in debt over the next decade. Wow, that sounds soooo much better.


Because DUmmies still can't figure out the issue about not spending money you never had in the first place. :rolleyes:

SarasotaRepub
12-08-2010, 07:18 PM
DURHAM D (1000+ posts) Wed Dec-08-10 04:16 PM
Response to Original message
1. Judas Goat.
The person he is leading to slaughter is the President.
Followed by the Democratic Party.
Followed by the middle class.


But,but...I thought the DUmmies said the middle class is dead???? :confused::D

Rockntractor
12-08-2010, 07:19 PM
But,but...I thought the DUmmies said the middle class is dead???? :confused::D

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=9720590&mesg_id=9720590