Double dip recession

[Armistead]

Many factors say we're heading for a double dip recession. Here in NC the unemployment numbers are again on the rise after some minor employment growth. Rising gas cost, the debate over the debt ceiling and most of the bailout money has been worked through the system, so it's basically gone. Foreclosure in NC are higher now than anytime in the past, so housing market still is bad.

Food and gas now take an average of 16% of income for most middle class.

Hoping we don't see a double dip, but seems very possible. As many economist stated the bailouts were done so poorly, we got little bang for the buck, except corporations made some great profits. With interest rates at an all time low, it helps the stock market some, but with it
comes inflation. Last I checked the Central bank already had interest rates to 0, simply not anything else they can do.