Page 46 - Double Dip News Today

Do what david suggests unless they dont believe in it. they ought to make an impassioned filibuster type case here in the congress of the united states that this has to be done and get only in the bill those things that have to be done rather than normal add-ons. >> there doesnt seem to be urgency yet. were beginning to hear a bit of better news at least from the experts. this is jim cramer with ann curry on the "today" show saying he doesnt see signs of a double dip. lets watch. >> i think that...

And 60s where you can make a good living, you can support a family, those jobs seem to not be coming back, but to be vanishing, not just in manufacturing but in white collar sectors. all this great technology that makes companies more productive, guess what, they dont have to employ so many people. that is the long-term problem. >> the fastest growing groups of jobs are home health aides and nursing aides and some of those jobs pay $19,000 a year, so thats what were replacing some of those lost ...

Affecting the american recovery right now. >> sure. theres been a sense ever since the depths of the crash two years ago at governments of the world has to collectively find ways to apply the recession to avoid a repeat of the 1930s when it was not enough and another dip occurred and as the unpredicted events, notably the european debt crisis piles on doubt about whether the path and propulsion are enough to keep things going. >> andrea, you spend time talking about the economy off camera shall ...

For the second half, were looking at also consumer spending. thats really a key to the second half of the economy here. where the consumer is faced with a lot of higher costs coming up, increase in local and state taxes, as well as higher health care costs, as you saw last week. savings rates have gone up and consumers are pulling back their spending to save for the higher costs. >> okay. so todays rally may just kind of be a flash in the pan here? >> yeah, todays rally, we were down nine out of...

But thats not enough to really chip away at the unemployment rate. first quarter gdp grew but not as fast as the fourth quarter. the housing market took a huge hit recently. these are signs of an economy thats not very healthy. >> does it mean its not very healthy and struggling along slowly but still moving up or from there on wall street, are they afraid that were actually going to be dropping back, a double dip? >> that whole talk about double dip recession, some people say were in it now. ot...

Clear to me that there was going to be an effort to put a global financial authority, financial dictator. >> and the only way to do that, let me lead you a little bit. the only way to do that is how? devalue the u.s. dollar? >> the purpose of the financial crisis was to take down the u.s. and the u.s. dollar is the international finance and replace them with a global monetary authority which occurred last april, 2009 at the u.k. g-20 meeting in london. >> so you think this is the cause of the de...

Jobs, and they are concerned about their biggest customer. the job market is still a problem, the housing market is still a problem. we have the first-time home buyer yet behind us. they are looking to see if the housing market has legs of its own without market help. >> are we facing a double-digit recession? >> reporter: i sure hope not. some people say the risk is 20%. for some, the risk is too high, but they say the debate here now is between a double dip, the slight chance of a double dip, ...

Raise money. they may be late. if were going into a double-dip, were going in now. but theyre trying to protect themselves in days of a double-dip. they turned a profit in the first quarter of $865 million. that was based upon 40 percent increase in revenue over the prior year. you know, any slipping of revenue, meaning we dont buy cars because were in a double-dip recession, theyre in trouble, so theyre trying to line up the banks to get this $5 billion credit line you mentioned, theyre trying ...

And get to the previous peak for eight years if we dont have an intervening recession and we will. >> i want to look at the other things that are happening. you know, theres this big debate now. is this a slowing recovery? is this a risk of a double dip? you look at the dow down from april to june. 10%. stock investors are pricing in a slow recovery if not worse. consumer confidence fell. first time home buyer tax credit. you look out across the thing that is we touch and feel as consumers and a...

More worried about deflation than inflation. to translate that in macro economic terms, what that means for politics is theyre worried about a slowdown. theyre worried about too many goods and too few buyers, which means theyre worried about a double dip. >> liz, take a listen to what president obama said today about these new numbers. >> make no mistake, we are headed in the right direction. but as i was reminded on a trip to racine, wisconsin, earlier this week, were not headed there fast enou...