1.0 link 148543 <![CDATA[Krugman, O'Neil Make Dire Economic Predictions]]> http://www.huffingtonpost.com/2008/12/04/krugman-oneil-make-dire-e_n_148543.html As the Big Three automakers told Congress that they need a bailout to prevent calamitous economic consequences, former Treasury Secretary Paul O'Neill and economist Paul Krugman are both saying it may not make much difference.

In an interview with the Pittsburgh Post-Gazette, O'Neill said:

If the United States doesn't get its finances in order, the coming years will make the current recession "look like a child's birthday party," said former Treasury secretary and Alcoa chairman Paul O'Neill.


"We're headed...

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