U.S. seen facing danger of 2nd recession next year

NEW YORK (Reuters) - Although the U.S. economy is expected return to growth later this year, there is a danger of a second recession if monetary easing and a weak dollar leads to increased inflation expectations, a report said on Wednesday.

Massive stimulus spending and moves by the Federal Reserve to fuel economic activity is expected to jump-start the anemic U.S. economy in the last quarter of this year after it contracted 6.3 percent in fourth quarter of 2008.

But the Fed's moves to boost the economy by slashing interest rates and buying up billions in government debt could have undesired consequences, The Conference Board, a private research group, said in the report.

"If the United States experiences a too-rapid recovery, there may be a risk of another recession in 2010," said Bart van Ark, vice president and chief economist of The Conference Board.

"It may fuel expectations for a return to inflation, adding to the uncertainty concerning the pattern and path of economic recovery," he said.

The U.S. economy has the potential for a "double-dip" recession, Van Ark noted, similar to 1980 and 1982, as commodity prices rise on the back of a falling dollar and monetary easing.

He added, however, that the likelihood of this scenario taking place is small as deflation risks are great, while government stimulus spending should stem further economic decline and ease the flow of job losses.

The U.S. economy could contract by 2.6 percent in 2009, the largest annual decline since 1946, the Conference Board said.

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Every year as Thanksgiving approaches, the fear of politics being brought up at the dinner table is shared by millions around the country. But comedian Jamie Kilstein has a guide for what you should do to avoid the awkward political turmoil so you can enjoy stuffing your face full of turkey.

Kilstein joined "The Glenn Beck Program" to dissect exactly how you can handle those awkward, news-related discussions around the table on Thanksgiving and provided his 3-step guide to help you survive the holidays with your favorite, liberal relatives: Find common ground, don’t take obvious bait, and remember that winning an argument at the cost of a family member won’t fix the issue you’re arguing about.

Watch the video clip below. Can't watch? Download the podcast here.

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On Friday, Mercury One hosted the 2022 ProFamily Legislators Conference at The American Journey Experience. Glenn Beck shared this wisdom with legislators from all across our nation. We must be on God’s side.

Winston Marshall assumed that he would be playing banjo with Mumford & Sons well into his 60s, but one tweet — simply recommending Andy Ngo's book — was all it took for the woke mob to attack. At first, Winston apologized, saying he "was certainly open to not understanding the full picture." But after doing some research, not to mention a whole lot of soul-searching, his conscience "really started to bother" him.

On the latest episode of "The Glenn Beck Podcast," Winston opened up about the entire scandal, what he discovered in the wake of his cancellation, and why he's decided to put truth over career.

"I looked deeper and deeper into the topic, and I realized I hadn't been wrong [when] I'd called the author brave," Winston said of Ngo. "Not only was he brave, he'd been attacked by Antifa mobs in Oregon, and he was then attacked again ... he's unquestionably brave. And so my conscience really started to bother me ... I felt like I was in some way excusing the behavior of Antifa by apologizing for criticizing it. Which then made me feel, well, then I'm as bad as the problem because I'm sort of agreeing that it doesn't exist," he added.

"Another point, by the way, that I found it very frustrating, was that that left-wing media in this country and in my country don't even talk about [Antifa]. We can all see this footage. We see it online," Winston continued. "But they don't talk about it, and that's part of my, I think, interest initially in tweeting about Andy's book. Because I think people need to see what's going on, and it's a blind spot there. ... CNN and MSNBC, they don't cover it. Biden in his presidential election said it was just 'an idea' that didn't exist. I mean, did he not see the courthouse in Oregon being burnt down?"

Watch the video clip below or find the full podcast with Winston Marshall here.


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FBI whistleblower Steve Friend exposed the FBI for its handling of the investigation into the January 6 riot — and paid the price. Friend joined "The Glenn Beck Program" to describe the series of events that eventually led him not only to leave the FBI, but to speak out against potential abuses within the department as well. The crux of his story began with cases concerning the January 6, 2021, riot and one arrest warrant that he refused to take part in.


Friend also joined Glenn on his "Targets of Tyranny" special to explain why he believed the January 6 cases were run by Washington, D.C., and how the agency's handling of the "J6" investigations has been so "unusual" that he says he's "never" seen anything even close to this before.

Watch the video clip below. Can't watch? Download the podcast here.



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To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.