Faith in US economy evaporates ahead of 2012 vote
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WASHINGTON — It is easy to imagine the gasps of horror rising from the White House.
Sometime in the not too distant future — perhaps just weeks before the November 2012 presidential election — the semi-official National Bureau of Economic Research declares the US economy is back in recession.
It is a scenario that a growing number of economists believe is probable and which could hand President Barack Obama the single biggest challenge of his reelection campaign.
“The US economy is indeed tipping into a new recession. And there’s nothing that policymakers can do to head it off,” said the Economic Cycle Research Institute, a respected body which for the last year has resisted predicting a double-dip recession..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20111007com3.html
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