10 signs the double-dip recession has begun

Double-dip begun? Really? For that to be true, the FIRST recession would have to have ended, and the signs of that having occurred would seem to be missing.

Nonetheless, whether it’s a new recession, or just an acceleration of the first, things aren’t getting better, and all the deficit spending in the world isn’t going to change that. Without a return to historically proven and sound economic principals (i.e. NOT Keynesian liberal/progressive/communist/socialist drivel), this ‘recession‘ WILL turn into a depression, and potentially an economic collapse.
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http://www.msnbc.msn.com/id/43946055/ns/business-us_business/#

By Douglas A. McIntyre
updated 7/31/2011 1:53:54 PM ET

Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

The U.S. has entered a second recession. It may not be as bad as the first. Economists say that the Great Recession began in December 2007 and lasted until July 2009. That may be the way that the economy was seen through the eyes of experts, but many Americans do not believe that the 2008-2009 downturn ever ended. A Gallup poll released in April found that 29 percent of those queried thought the economy was in a “depression” and 26 percent said that the original recession had persisted into 2011.