President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (112811)	4/24/2012 11:57:25 PM
From: tejek	Read Replies (1) of 149317

Germany is not growing. It's manufacturing PMI is in terrible shape and indicates contraction....So much for the Eurozone's engine of growth. I didn't say Germany was growing.........I said its not in recession. The US is not going to escape the recession in Europe and the slowdown in China's growth. China has been putting the brakes on for a year............and yet, the US recovery has become stronger. This is going to knock us from low growth into recession. I have bet it would happen in the first half of 2012. I still think that is a distinct possibility. And the overall, probability of a contraction in GDP in 2012 has skyrocketed. Why do you want a recession so badly?

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