Saturday, May 14, 2011

Making excuses for the Double Dip

Treasury Secretary Tim Geithner said if Congress fails to lift the debt ceiling and the U.S. defaults on its obligations “this abrupt contraction would likely push us into a double dip recession,” painting the most explicitly dire prediction to date of the consequences of inaction.NationalJournel
Timmy is hilarious, but Treasury did not cause the Double Dip.

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