{"id":434382,"date":"2010-03-16T08:57:00","date_gmt":"2010-03-16T12:57:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong-2010-3"},"modified":"2010-03-16T08:57:00","modified_gmt":"2010-03-16T12:57:00","slug":"15-reasons-why-obama%e2%80%99s-claim-that-%e2%80%9ca-second-depression-is-no-longer-a-possibility%e2%80%9d-is-dead-wrong","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/434382","title":{"rendered":"15 Reasons Why Obama\u2019s Claim That \u201cA Second Depression Is No Longer A Possibility\u201d Is Dead Wrong"},"content":{"rendered":"

\"barack<\/a>(This<\/em> post appeared at the author’s blog<\/a>.)<\/em><\/p>\n

Is the United States economy headed for another Great Depression?  Well, according to Barack Obama, that is no longer possible.  According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity. <\/p>\n

But is Obama right?  Do the economic signs indicate that the U.S. is headed towards recovery or towards even more difficult times?  As you shall see below, there is no way in the world that Barack Obama should have ever said that “a second depression is no longer a possibility”. <\/p>\n

In fact, as the U.S. financial system continues to crumble, it is likely that those words will be exploited by his political adversaries again and again.  If you are a politician and you are going to issue a guarantee, you had better<\/strong> be able to deliver the goods.  In this case, Obama is making a promise that defies all of the economic data.<\/p>\n

Video of Obama making his declaration that “a second depression is no longer a possibility” is posted below….     <\/p>\n

So why is Obama wrong?  Well, if you want a full examination of why the United States is headed for an economic collapse, please read the rest of this blog<\/a>.  In this article we just wanted to highlight<\/p>\n

A Few Reasons Why The U.S. Is Headed For A Complete Financial Meltdown ><\/a><\/strong><\/h2>\n

\n<\/embed><\/object>\n<\/p>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

(This post appeared at the author’s blog.) Is the United States economy headed for another Great Depression?  Well, according to Barack Obama, that is no longer possible.  According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity.  But is Obama right?  Do the […]<\/p>\n","protected":false},"author":6234,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-434382","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/434382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6234"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=434382"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/434382\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=434382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=434382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=434382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}