Double-Dip Recession | Obama | Economy | The Daily Caller: White House officials are using a new set of talking points to sell their stimulus plan: The economy’s possible slide into a second recession.
During the summer, officials denied a double-dip recession was on the horizon. But yesterday and today, President Barack Obama and his deputies said the $447 billion jobs-stimulus bill is needed to prevent a “double-dip recession.”
“There is no doubt that the economy is weaker now than it was at the beginning of the year,” Obama said in his Oct. 6 press conference. By passing the jobs bill, he said, “we are taking out an insurance policy against a possible double-dip recession.”
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