Sen. Specter: Nation on ‘brink of depression’
Filed under: Recession, U.S. Economy, U.S. Financial Crisis
From the Associated Press:
HARRISBURG, Pa. — The nation is on the “brink of a depression,” but there’s a “reasonable chance” that the $787 billion economic stimulus package will help ease the situation, Sen. Arlen Specter said Monday.
Specter, R-Pa., said the nation’s economic situation is more dire than the public has been told, but did not elaborate.
“Our economic problems are enormously serious _ more serious than is publicly disclosed. And I think we’re on the brink of a depression,” he told reporters at the state Capitol.
If there’s one thing I’m sick of – from Ds and Rs – it’s not playing straight with voters and taxpayers about where all the money to banks and AIG is going. That gets right at the heart of how “dire” the economic situation is today. Specter gets a FAIL for not elaborating.
