White House mouth piece, who offers:
We do not believe that there is a threat of a double-dip recession.
…
We believe the economy will continue to grow.
Or the former White House economist, who declares
On the current policy path, it would be surprising if growth were rapid enough to reduce unemployment even to 8.5 percent by the end of 2012. A substantial withdrawal of fiscal stimulus will occur when the payroll tax cuts expire at the end of the year. With growth at less than 1 percent in the first half of this year, the economy is effectively at a stall and facing the prospects of shocks from a European financial crisis that is decidedly not under control, spikes in oil prices and declines in business and household confidence. The indicators suggest that the economy has at least a 1-in-3 chance of falling back into recession if nothing new is done to raise demand and spur growth.
Oddly, I find myself rooting for the mouthpiece, but only because I place the good of the Republic before my party.
Hat Tip: Ace at “Ace of Spades“
