Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Nobel laureate Stiglitz predicts Obama win, recession

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
Tuesday, Sept 30, 2008

Joseph Stiglitz, who won the 2001 Nobel prize for economics, said on Tuesday that the United States faces a long recession and predicted that Democrat Barack Obama will win November’s presidential elections.

“The next president of the United States will be Barack Obama,” Stiglitz told the Italian daily La Stampa in an interview.

“In a situation like this, there’s no way the Americans will return the party of the outgoing president to the White House.”

(Article continues below)

Nobel laureate Stiglitz predicts Obama win, recession  300908banner

He added: “In the markets, we’ll see the Dow Jones index fall more steeply than we can imagine today. We will have other dramatic failures of financial institutions. The American economy is headed into a long recession.”

In such an economic situation, “I think there is little doubt how the November elections will turn out,” said Stiglitz, a former vice president of the World Bank and adviser to ex-US president Bill Clinton.

“We are in the midst of the worst crisis of the last century, and until we’ve reached the bottom we cannot climb back up,” he said.

This article was posted: Tuesday, September 30, 2008 at 10:40 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About U.S. Air Strikes on Syria With Syrian Girl See the rest on the Alex Jones YouTube channel.

Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.