The Pimpco Bonds CEO said if Congress doesn't act soon, the US will go into recession

[sfpcjock]

He told NBR that the 50/50 odds will become a double-dip recession

http://video.pbs.org/video/2119694072"> Obama speech is critical - Nightly Business Report 9-6-11

[Orrex]

1. If only we had a trillion dollars stockpiled in the hands of corporations & waiting to be spent

I mean, if they had such a remarkable resource, surely they would crack open their wallets and actually participate in the economy, rather than relying on the spending power of an underemployed and underpaid middle class, right?

[iemitsu]

8. in a world that made sense the wealthy would chip in

and get the economy going but....
and please don't call me shirley.

[TBF]

2. Fuck these guys. Time to tax the rich and get our economy moving -

no more free loading!

[newfie11]

3. Go into recession????

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[rfranklin]

4. We never got out of it...just because corporations have record profits...

doesn't mean the rest of America is recovering. As a small business owner I have seen no improvement in the last two years. In fact, business has gotten much worse.

[newfie11]

9. I agree, thats why I was laughing. n/t

[SpiralHawk]

5. the PimpCo Dude (R) looks like a Double Dip

...I'm just saying...

[sfpcjock]

6. You didn't watch it, Hawk, I can tell.

No, he looks like a dip but he's actually kind of cool. He's just totally convinced that the US is going into the pot unless, and only unless Congress acts, "soon", as he says. Watch it.

[HughBeaumont]

7. You only WISH you had a mustache as glorious as El-Erain's!!1!!

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

El-Erain is like our mascot . . . he's on CNBC literally every third day. Compared to the fascists that stench up that station daily, he's probably what they call a "moderate", but we all know better.