Stock markets around the world are once again imploding in fear of a global double-dip recession.
Appearing on PBS's "Inside Washington" Friday, NPR's Nina Totenberg said Barack Obama can cure what ails us with "a lot of very populist rhetoric" (video follows with transcript and commentary):
NINA TOTENBERG, NPR: The fact is that the economy does not get better from its illness unless there are in fact more jobs, because nobody is spending, there aren't, people don't have jobs to, who don't have jobs don't have income to spend. And, I mean, I, I think really the only choice Obama has right now is to, to, is a lot of very populist rhetoric to try and get a real budget that has real tax increases and real cuts and real job creation possibilities.
Heck with putting forth an actual plan on paper that legislators, the Congressional Budget Office, and the American people can fully examine and analyze.
What we need right now is more populist rhetoric from the Populist Rhetorician-in-Chief.
This has worked so well for the nation and the economy the past 30-plus months.
Oh, and by the way, with a double-dip recession looming, what we really need right now are "real tax increases" to surely push the economy over the edge.
Yeah - that's the ticket.
Between Obama's rhetoric and some "real tax increases," the economy will be booming in no time.