When I was a kid, a “double dip” was an ice cream cone with two scoops. Yummy,
Today, the same expression is being used to warn us that the recession we are still struggling with could, and is supposedly posed for recovery could fall even deeper into another dip. That d word seems to be a substitute for another—a depression.
What’s going wrong? Isn’t the stock market sailing high? Hasn’t GM managed to cut its losses to only a billion? Isn’t Goldman Sachs setting aside “ a half a billion dollars to help small business and show how sorry it is for its role in the financial meltdown? (That pay out is over ten years—just 2.6% of its bonus pile, but who’s counting. A half a billion still sounds like real money. (more)
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