1. NY Times Admits: Second Recession in U.S. Could Be Worse Than First»

    fuckyeahmarxismleninism:

    If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.

    Given the tumult of the Great Recession, this may be hard to believe. But the economy is much weaker than it was at the outset of the last recession in December 2007, with most major measures of economic health — including jobs, incomes, output and industrial production — worse today than they were back then. And growth has been so weak that almost no ground has been recouped, even though a recovery technically started in June 2009.

    • 1 year ago
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      Especially since the debt ceiling deal will cost about 1.8 million jobs in 2012 alone, ON TOP of the recession that...
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      with this being said i hope mayor bloomberg are prepared for the crazy shit these niggas gonna do ESPECIALLY the bronx
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