Page 2 - John Lafield News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And ceo john lafield. you think things are bad now. this is what they are saying, quote, they are warn that this economy will enter a recession if they don't deal with the issue of the bush tax cuts. they are also saying that the economy's going to contract, that automatic spending cuts, if they are implemented and they said it will be far worse than what they ever thought unemployment will go to 9.1% and we will be in another recession. >> they said, basically, if we allow this fiscal cliff to happen fwe allow the taxes to go up and the spending cuts to happen, we're looking at over 9% unempl...

And ceo john lafield. you think things are bad now. this is what they are saying, quote, they are warn that this economy will enter a recession if they don't deal with the issue of the bush tax cuts. they are also saying that the economy's going to contract, that automatic spending cuts, if they are implemented and they said it will be far worse than what they ever thought unemployment will go to 9.1% and we will be in another recession. >> they said, basically, if we allow this fiscal cliff to happen fwe allow the taxes to go up and the spending cuts to happen, we're looking at over 9% unempl...