Tags: Economic- Crisis | | Pawlenty | Economy | Heading | Double | Dip

Pawlenty: Economy Heading for Double Dip

By Hiram Reisner   |   Wednesday, 30 Mar 2011 06:59 AM

Former Minnesota Gov. Tim Pawlenty warns the U.S. economy is heading for a double dip, the Obama administration has artificially infused the economy with government money, and “the consequences of that — as sure as we are sitting here — will rear its head.”

pawlenty, economy, double, dip“I think we are headed for a double dip. That's my personal view,” Pawlenty told Fox News’ Sean Hannity Tuesday. “I think they have flooded the economy with flat money in a way that’s going to have a return of inflation in a manner, and to a degree, that I think is going to be very troubling,” he said, adding the Obama administration has “no appreciation and respect for the deployment of private capital and private markets.”

Hannity asked if Pawlenty — who has launched an exploratory committee for a 2012 presidential run — envisioned any chance of the economy improving before the election.

“It may look like there’s temporary improvement because they’ve artificially infused the economy with government money. The consequences of that — as sure as we are sitting here — will rear its head,” Pawlenty said. “And . . . the questions for the American people [are] going to be: Do you really want $4-a-gallon gas? Do you really want 8, 9, 10 or higher percent unemployment? Do you really want a government that’s out of control and can’t address its deficit?”

On Libya, Pawlenty repeated he thinks President Barack Obama has been timid in dealing with Libyan despot Moammar Gadhafi.

“I think you’ve got somebody who is sitting atop of the most complex and important organization in the world who doesn’t understand executive function and leadership. I also think he’s somebody who has an incoherent view of America’s place in the world,” Pawlenty said. “When he runs around the world and — A, apologizes, and B, says we are one of many, one of equals — that is not true. That is not America’s place in the world. Our role is not to be one of many. It’s not to lag behind China.

“Our role as the United States of America is to lead the world in everything, Sean, and not have an apologist as the president.”

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