The sky is falling, the sky is falling
-->Credit Crunch, Credit, Politics, Bailout News, Florida Housing Crash, California Housing Crash, The Economy February 5th, 2009
This is what President Obama seems to be saying to scare Americans into believing that adding another trillion dollars to our national debt is the only choice to get us out of this recession.
According to CNBC:
Saying the United States faced a potentially irreversible economic crisis, President Barack Obama Thursday urged Congress to quickly pass a huge stimulus package as moderate senators scrambled to come up with a less expensive compromise plan.
“Each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes,” Obama said in an op-ed column in Thursday’s Washington Post. “And, if nothing is done, this recession might linger for years …. our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.”
-->