I Remember “The Best of Times”

…and am pretty sure the world-wide acknowleged genius in the White House has us going nowhere close to anything like that in the near future. Seems my chipper mood is catching!

Most Economists Expect Another Global Recession

So acute are the risks that few economists are now willing to bet heavily against another global recession in 2012. By common consent, the world economic outlook is much darker today than it appeared in the early autumn.

…And that grim assessment is shared by economists in the private sector. As Goldman Sachs marked down its latest forecasts, Jan Hatzius, its chief U.S. economist, said that growth was being held back in many developed economies by higher taxes and efforts to pay back household and corporate debt. “That combination is likely to see another two years of sub-par growth in the major advanced economies, extending into 2013,” he argued.

I’m guessing this Hatzius fellow hasn’t spoken to fellow Obama supergenius crony Paul Krugman about the beneficial effect of out-the-ass taxation, therefore we can discount the import of his opinion immediately.

2 Responses to “I Remember “The Best of Times””

  1. aelfheld says:

    Wile E. Coyote Barack H. Obama: Super Genius

  2. Yojimbo says:

    Let’s hope we don’t get to those worst of times. If the EU fractures next year we will be in an honest to goodness depression which nobody would care to debate.

    Maybe we should tear the first page out of that famous book and maybe it will all be better-or not.

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