Here are some harrowing facts.
Proposals That Can Have Serious Potential Consequences
Economic Warnings: Nobel Prize-winning economist Paul Krugman on HuffPost Live offered a dim assessment of the potential economic consequences of a Mitt Romney presidency. He finds a strong likelihood of another recession, and one with “almost no bottom. ” Krugman said that over the long term, Romney’s economic policies could lead to a recession as deep as that in Greece today, and even a depression. In Greece today 25% of workers are unemployed, including 50% of young workers.
“I think there’s a real chance that he’ll manage to pursue a policy in the first couple of years that simultaneously blows up the deficit and depresses the economy,” . “Tax cuts for the rich, who won’t spend them, and slash spending for the poor and the middle class, who will be forced to cut back. And so we end up managing to have a simultaneous…
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