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U.S. Chamber warns of ‘double-dip’ recession because of Dem policies

Posted By admin On January 12, 2010 @ 12:09 pm In U.S. News | Comments Disabled

Ian Swanson
The Hill [1]
Tuesday, January 12, 2009

U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.

“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under consideration. It’s a sure-fire recipe for a double-dip recession, or worse,” Donohue said in a speech providing the Chamber’s outlook for 2010.

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U.S. Chamber warns of double dip recession because of Dem policies 070110banner [2]

Donohue said the lawmakers should not let former President George W. Bush’s tax cuts expire at the end of year and lambasted Democratic efforts on healthcare and financial regulatory reform as well as climate change.

If the tax cuts are allowed to expire, “we will likely end up with even bigger deficits and greater economic misery,” Donohue said.

Full story here. [1]


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URLs in this post:

[1] The Hill: http://thehill.com/business-a-lobbying/75401-us-chamber-warns-of-double-dip-recession

[2] Image: http://www.efoodsdirect.com/index.html?aid=14&adid=25

[3] Top Economist Warns Of ‘Double Dip’ Recession: http://www.prisonplanet.com/top-economist-warns-of-double-dip-recession.html

[4] CBO: Feds flirting with double-dip recession: http://www.prisonplanet.com/cbo-feds-flirting-with-double-dip-recession.html

[5] Soros: US Is Already in Double-Dip Recession: http://www.prisonplanet.com/soros-us-is-already-in-double-dip-recession.html

[6] NY Times Admits It’s a “Double Dip Recession”: http://www.prisonplanet.com/ny-times-admits-its-a-double-dip-recession.html

[7] Double-Dip Recession Still in the Picture: Roubini: http://www.prisonplanet.com/double-dip-recession-still-in-the-picture-roubini.html

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