Is Obama the new Hoover?

posted by
August 9, 2011
The American Prospect    
Posted in PND Commentary

"[L]eaders’ surreal obsession with deficits just got a lot higher. The economy could tip from stagnation into a real depression. As it dawned on Wall Street that austerity would not in fact help the real economy, panic selling ensued. The swooning stock market, in turn, creates one more source of belt-tightening that pushes us closer to an abyss." (08/09/11)

http://tinyurl.com/3fmhz2x  

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