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The Downward Spiral – Peter Ferrara

08/24/2011

Accelerating downward spiral. That is what I have been predicting for the Obama Administration for over two years. And now it’s happening. Events are spinning out of control.

Rising inflation is restricting the Fed’s options for keeping the economy high on monetary stimulus crack. The result? Fast developing market chaos.

On account of President Obama’s economic policies, the economy never recovered from the last recession. Now it may go back into full scale recession before any recovery occurs. We may soon be living through a reenactment of the 1930s, not the 1970s. If we do not change course, there will be a double dip recession by 2013, directly caused by the economic policies Obama already has in place under current law.

Read More at The American Spectator.

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