Pawlenty: Economy Heading for Double Dip

Wednesday, 30 Mar 2011 06:59 AM

By Hiram Reisner

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
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.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved