Apparently the president thinks that the worst is yet to come.
President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, touching off “an even more destructive recession and potentially depression.”
The interview is Obama’s most detailed explanation yet of his view of the world economic crisis, and he makes clear that he’s afraid the nation hasn’t seen the worst of it – even invoking the possibility of a “depression” if a series of financial institutions collapse all at once.
Coupled with tonights “Dateline” Sunday night program, the American economy is on the verge of cardiac arrest.
Even the president is far more worried than he is ever let on.
All this coming up on a 60 Minutes program where Steve Kroft is incredulous at the Presidents bizarre responses to his questions.
http://www.politico.com/news/s…
