This is too funny: President Obama during an interview on Fox News Channel declared that increasing deficits cause a double dip recession. Obama warning come after Chinese leaders lectured the president spending campaigns.
Obama is juggling boosting the economy while spurning job growth.
President Obama is considering a jobs bill which may include tax credits.
“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.
Now he’s worried about the deficit. Unbelievable!