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Economics · FIRE · Politics · Taxes

Ferrara on CNBC: 100 Percent Chance of Recession Next Year

The Heartland Institute’s Peter Ferrara was a guest on CNBC on Friday afternoon. In light of the latest horrible jobs report, the “fiscal cliff” we face, and the impending Taxmageddon on January 1, 2013, it is no wonder that Peter is pessimistic about the near-term future of America’s economy. Unless, Peter implies, we see a change of direction come November.

Peter’s debate partner was Rich Benjamin of Demos, who said conservatives like Peter seem to enjoy preaching gloom and doom. Trust me: Peter would rather not. But facts, and math, are stubborn things.

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— Jim Lakely

Jim is the the director of communications at The Heartland Institute. Prior to joining Heartland, he was an ink-stained newspaperman for 16 years with many stops in "old media." Jim covered Congress and The White House during the George W. Bush administration for The Washington Times, and worked as a reporter, editorial writer and columnist for newspapers in Pennsylvania, Virginia, and California. He has appeared on the Fox News Channel, CNN, MSNBC, C-Span, and many local and national talk radio shows to talk politics and policy.