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Obama adviser Sperling sees no "double dip" recession

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WASHINGTON | Sun Jul 31, 2011 9:35am EDT

WASHINGTON (Reuters) - White House economic adviser Gene Sperling said on "Fox News Sunday" he was "not worried the U.S. will have a double-dip recession" and urged Congress to approve an increase in the debt limit as a way to give certainty to financial markets.

Sperling said the debt uncertainty was "a self-inflicted wound" that contributed to lower U.S. economic growth as did external events including higher gasoline prices and the downturn in the U.S. auto industry in the first half of 2011.

(Reporting by Jackie Frank)

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Comments (13)
chuck47 wrote:
Parse the words, “No double dip” which really means we are still in the first one. Maybe if these guys took a trip to Main Street rather than sit in their nice DC offices on the government payroll they would see the havoc that they themselves have created.

Jul 31, 2011 9:49am EDT  --  Report as abuse
rowley wrote:
stop spending stupid

Jul 31, 2011 10:07am EDT  --  Report as abuse
jwws9999 wrote:
since when has an economist of either party been right.

Jul 31, 2011 10:09am EDT  --  Report as abuse
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