Perhaps you should inform yourself about the recession of 38 as we were coming out of the Great Depression in 38 government cut back on its spending and threw the country back into recession
The government cutting spending threw the nation back into recession , get it yet ?
And also because of the tax increases imposed by the FDR administration and his attacks on "economic royalists", and implementation of anti-trust laws as attacks on business, which undermined consumer confidence.
Couple that with the SCOTUS declaring several of his New Deal administrations unconstitutional and his attempt to pack the court which even many in his own party found too far-reaching, and topped off with the strict monetary policies of the Fed at the time (versus the relatively non-existent ones the Fed has now) and you'll have a "double-dip".
What you're going to see in the next two years after Obama does nothing to extend the "Bush tax cuts" in 2013 as his way of saying, "**** ya'll" on the way out the door, and the implementation of further regulations as the result of Obamacare (provided SCOTUS doesn't declare it unconstitutional or a GOP president/Congress repeal it) is another double dip, if one hasn't hit already. Mind you, we got nailed with the 2008-09 recession because gas prices very briefly hit $4/gal. We're almost there already, having had $3+/gal gas for well over a year now, and almost at record highs, which pretty much EVERYONE is saying will be shattered by Memorial Day.
Think that isn't going to **** over Obumble's reelection chances?
Oh, and while you're at it:
http://american-business.org/2684-recession-of-1937-1938.html
