Word: recessional
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Some liberal economists have maintained that the stimulus bill in February was not big enough to fill the economic crater left by the financial crisis. Obama aides refused to endorse that position, even after Obama began planning another stimulus effort in September. Though the Great Recession is officially over, credit...
In recent weeks, Obama has begun to talk more about the debt, admitting in an interview with Fox News that too much spending could yield a loss of confidence in the U.S. and a "double-dip recession." At Brookings, Obama copped to trying to "spend our way out of this...
See 10 big recession surprises.
"We have to make absolutely positively sure that this recovery evolves into a self-sustaining economic expansion, and that is what this is all about," says Mark Zandi, an economist for Economy.com who has advised both Republicans and Obama. "If we go back into recession, it's going to blow...
Some pundits, pointing to Putin's wish to regain full control of the Kremlin as soon as possible, believe he may return to the presidency next year by asking Medvedev to take the fall for the financial crisis and resign. That would trigger a snap election, which Putin would be...