Keller @ Large: Are We Headed Toward A Double Dip Recession?

BOSTON (CBS) – There’s some disappointing news about the economy. A slow recovery is sputtering.

President Barack Obama says he’s not worried about a double dip recession, but he is concerned about high unemployment.

It’s the latest sign that our economy has a long way to go. WBZ’s Jon Keller is at large.

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Even here in Massachusetts, where the recession’s damage has been comparatively limited, a new business survey shows confidence is down sharply, dragging job growth down with it. Everyone’s hoping it’s just the calm before the comeback, but the truth is, no one knows for sure.

Will Democrats and Republicans be spending more time drilling each other between now and Election Day than they will carving out a path to real recovery? What do you think?

You can listen to Keller At Large on WBZ News Radio every weekday at 7:55 a.m. and 12:25 p.m. You can also watch Jon on WBZ-TV News.

More from Jon Keller
  • emom

    For once the truth comes out. However, the people have known this for a very long time. When the economy started to go under about 5 years ago during the Bush administration, It never truly recovered. It has been floundering around since he was in office BOTH TIMES, and has slipped further since Obama has been in office. He’s not worried , that’s a shocker, neither was Bush, he pushed it so far down that we struggled daily to survive, Then Obama gets into office and the country seems to feel we could be climbing out, THEN it happens AGAIN. So now we watch as jobs travel over sea’s , companies close up shop here and leave for cheaper labor, oil and gas companies , claim they are going broke to gain aid from the president, companies do much the same, So we GIVE and then we find out it was a ruse, to scam the country or maybe hold us hostage into giving them what they want , but all the time they lay folks off and move operations to a much economical place… OVER SEA’S,…. WHY, GREED PURE GREED. Oil and gas companies showed record gains, but telling us they were in debt and needed help.. Yeah corporate scamming. Thou gas prices have dropped that will change once again by July.. GREED will take over and they will rise. By September we could be seeing almost $4 again. But its far worse than just gas and oil, product prices are extremely high, BUT the size of the products have SHRANK, Just look at a can of tuna, box of cereal, ice-cream No longer a half gallon, coffee is sold in 12 ounce bags or cans. yogurt has lost a few ounces, paper towels have less sheets per roll as well as toilet tissues, Kleenex have less, detergents have less in their bottles and boxes, Just look around you might be so surprised,,, and YES that cup of coffee at the drive thru coffee shop it also has shrank, as well as the donut.. Its much smaller now… But many are in so much of a hurry they just do not notice…..But in the next 6 months to a year these same manufactures will all of a sudden introduce a brand new size for their product and because of that , That’s when they will RAISE THE PRICE, and once again the scamming of Americans will continue and we as Americans will continue to PAY THE MUCH HIGHER PRICE FOR ALL THAT WE USE… ITS ALL IN THEIR MASTER PLAN TO GET RICH…………….. PROOF OF GREED ON ALL LEVELS, CORPORATE AND POLITICAL.

  • Buddy

    For any of you who think Romney will do a better job you better think long and hard. Sure I have no doubt he will create jobs, just not in this country. He will send good paying jobs to Mexico, China, or Vietnam. His track record speaks volume of doing so.

    As far as the economy we aren’t even close to the bottom of the barrel yet. Remember Obama’s energy secretray Steven Chu? His statement that gas in the USA should be at European levels is halfway there.”

    “During an interview with the Wall Street Journal in September of 2008, Steven Chu said that gas taxes should slowly be increased over the next 15 years in order to force people to turn to alternative energy sources. Chu also says, “Somehow, we have to figure out how to boost the price of gasoline to levels in Europe.”

    That being said it has hit us hard here in this country. Food prices have skyrocketed because of gas prices and small business is one suffering industry because of this as well. Can you imagine $8 dollar a gallon gas here?

    As long as the democrats and republicans continue to pad their own pockets with Gucci pension plans along with the “Best healthcare” in the industry we will continue to spiral out of control until we hit a “Great Depression”.


    We are going to become a second rate country, like Great Britain who once “ruled the world”.

  • BostonIrish

    Why is the coming of the “dip” in the double-dip recession bothering anyone? It’s not like economists didn’t warn us of it potentially happening. And when you have monster bail-outs of the likes we’ve never seen to the private sector from banks and investment companies to the auto industry, mortgages at all-time foreclosure rates, housing prices on a continues drop, just finishing up a QE2 which helped to drive up commodity costs, a potential of a QE3, a debt ceiling just around the corner, and the failed policies of the Fed, don’t be surprised about anything. Total ineptness from the president right through the entire cabinet, which inckudes the current Congress and Senate.

  • BostonIrish

    Sorry about the typos. Sometimes you have to blast through the typing before your comment somehow disappears.

  • tsal

    As long as middle class cannot afford to purchase what it produces and the economic disparity is not narrowed, we will bounce in and out of recession. It’s a given

  • tsal

    As an added comment I see the ineptness in those that do not recognize that the wealthy continues to get wealthier while the rest of the country just gets poorer and also those who want to put the burden on the backs of the middle class. Our president sees what to do but unfortunately it isn’t popular with those who control the country – the wealthy.

  • Stephen Stein

    “When historians look back at how Barack Obama lost the 2012 election — or won it only because the Republicans nominated a certifiable space case — they will doubtless focus on his first few months in office and ponder why he didn’t do more to stanch the recession and arrest the downward mobility of the American people.”

  • Stephen Stein

    Bernanke wants to see spending cut, but realizes a spending cut NOW would hurt the economy.

    Greenspan has said he’d like to see a return to Clinton-era tax rates.

    Today’s GOP sees Bernanke and Greenspan as center-left. Sheesh!

  • fred

    I certainly think Romney will do a better job than Obama regarding the economy. The stagnation of the economy is all about confidence or lack there of. Romney at least has a real world business resume whether you like him or not. I am not sure Obama has ever even had a paper route – all of his experience is based upon classroom ideolgy not actual real world experience so I don’t have any confidence in anything he proposes because he often does not even understand what he is talking about. He is gaff prone without his teleprompter over simple things never mind something that complicated like the economy. His economic advisors are mostly a group of elitist professors also with little or no experience in creating jobs. They seem to go from the classroom to a goverment position and then back to the classroom after their failed experiments.
    Someone like Romney will give the private sector a little hope that they won’t be throwing their capital down this ever growing deficit sink hole. Just a little confidence and things will turn around but not with professor “O” in charge.

  • mikey

    This country has a reported debt of 14.3 trillion. It was reported in USA Today recently that this nation is also facing future unfunded liabilities of an additional 61.6 trillion which includes paying for three wars, SS benefits and Medicare benefits for 79 million baby boomers. A trillion seconds in almost 32,000 years.

    A double dip recession? Hardly. A complete financial collapse is more like it.

  • Keller @ Large: Are We Headed Toward A Double Dip Recession?

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