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-Election 2012
'Romney will take US economy into depression'
2012-06-26
[Iran Press TV] Dave Lindorff, investigative journalist, in a phone interview with Press TV's U.S. Desk on Monday said that if Romney is elected president the American economy will fall into depression.

"The idea that Americans are saying in a poll that they don't think it will make much difference which person is elected president, Romney or Obama, shows the incredible both naivety of the American public and more importantly, the really poor level of reporting in the American media on economic issues," he said.

Lindorff continued that as bad as Obama had been in dealing with the financial crisis and the role of the banks and stimulating the economy, "he at least has understood that you do need to have economic stimulus in a terrible recession like we've been having whereas Romney's position is this insane Republican one that says that the issue is the deficit which it clearly is not."

Lindorff believes that there will be a very big difference between Romney winning "in which case we will see the economy fall into [a] depression and Obama winning in which case the economy will probably just stumble along the way it has been doing which I guess is a lot better than a collapse."
Posted by:Fred

#15  "The idea that Americans are saying in a poll that they don't think it will make much difference which person is elected president, Romney or Obama, shows the incredible both naivety of the American public and more importantly, the really poor level of reporting in the American media on economic issues," he said.

To be honest I don't think there is a regular on rantburg that would disagree with that one. We just come out with a different answer when confronted with logic than a Nation reporter who has to create his own facts.
Posted by: rjschwarz   2012-06-26 15:12  

#14  I would take JUST a depression instead of the complete collapse of the world economy that is happening under teh 0ne.
Posted by: DarthVader   2012-06-26 11:40  

#13  Europe is not in trouble because of spending too much. Sorry for the "not." It changes the entire meaning.
Posted by: JohnQC   2012-06-26 08:45  

#12  1. Lindorff calls himself an investigative reporter. However, the piece is short on investigation and reporting.

2. Stimulus spending has been so successful (sarc). Europe is not in trouble because of spending too much. They have bloated governments and too much spending. The U.S. suffers the same problem--too much spending and too many entitlements.
Posted by: JohnQC   2012-06-26 08:43  

#11  Considering the indicators to describe the first Great Depression, how are we not in a Depression now other than the usual doublespeak of Ministry of Truth? /rhet question
Posted by: Procopius2k   2012-06-26 08:29  

#10  One interesting economic prediction:

In my view, at this point, the hope that a full-scale European crisis can be averted is merely wishful thinking, bordering on naiveté.

The Start Of The 2012 End Game Is Upon Us
Posted by: Besoeker   2012-06-26 04:33  

#9  Fear mongering, a sure sign of political desperation. Whatever happened to "Hope and Change"?
Posted by: Besoeker   2012-06-26 04:16  

#8  'Romney will take US economy into depression'

Looks like Lindorff is already planning for Obozo's defeat by blaming the depression he has exacerbated on Romney.
Posted by: gorb   2012-06-26 03:08  

#7  Well, considering Obama has set a fiscal IED set to go off on January 1 when taxes double on capital gains and dividends and the Bush era income tax cuts expire, yeah. If the Republicans don't win the Senate, the Democrats have set things up to blow sky high with the economy starting January 1. Business investment will come to a screeching halt.

Taking the Senate is going to be the key because if they don't the Democrats will not allow those things to be repealed and will bring the entire economy crashing down for no reason but to politically damage the Republicans.

The Democrats don't give a pinch of owl scat about the average person in this country, they are just looking for political power.
Posted by: crosspatch   2012-06-26 01:02  

#6  Depression seems like the best-case outcome at this point.
Posted by: AzCat   2012-06-26 00:52  

#5  Aw shucks. And here I thought he'll concentrate of destroying the environment and getting womyns back to kitchens.
Posted by: g(r)omgoru   2012-06-26 00:50  

#4  Can he come up with a reason Corzine isn't in custody somewhere?
Posted by: Thing From Snowy Mountain   2012-06-26 00:29  

#3  Obama will take the economy into obliteration. We are ALL READY in a depression you idiot.
Posted by: newc   2012-06-26 00:28  

#2  Oooh. It's...Dave Lindorff, investigative journalist.
Let's all listen...
Posted by: tu3031   2012-06-26 00:25  

#1  Dave Lindorff: Wrote for Counterpunch and The Nation

ergo

Leftist puke just like his daddy, Obama...
Posted by: badanov   2012-06-26 00:08  

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