The Coming Recession

dirtyp · #1 (**permalink**) 05-05-2008, 08:06 PM

In the June issue of Reason, Rep. Ron Paul and six othercommentators discuss the (sorry) state of the economy.
As this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that the guys at the office have taken to calling him Edward Scissorhands. The subprime mortgage fallout has yet to finish wreaking its havoc, Bear Stearns is holding on by the skin of its teeth, and the government’s bucket may not be big enough for all the bailouts under way. Gloomy faces dominate CNBC and the Fox Business Channel, muttering long-forgotten terms like inflation and recession.
Blog 4 Paul: The Coming Recession

wow · #2 (**permalink**) 05-06-2008, 08:02 AM

Quote:

Originally Posted by dirtyp

In the June issue of Reason, Rep. Ron Paul and six othercommentators discuss the (sorry) state of the economy.
As this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that the guys at the office have taken to calling him Edward Scissorhands. The subprime mortgage fallout has yet to finish wreaking its havoc, Bear Stearns is holding on by the skin of its teeth, and the government’s bucket may not be big enough for all the bailouts under way. Gloomy faces dominate CNBC and the Fox Business Channel, muttering long-forgotten terms like inflation and recession.
Blog 4 Paul: The Coming Recession

Ron Paul is predicting a recession?
RP has been using Presidential campaign funds to run for re election in Congress and refused to debate his opponent. He has no credibility.

George O Well · #3 (**permalink**) 05-06-2008, 11:15 AM

Faack, they all knew it was coming. It could have been predicted when Bush passed his tax cuts. When you overstimulate the economy as the Bushies have done, bad shit eventually happens.