President Says We Could Have A Double Dip Recession

12.09.10 | Sarah Harnisch

  The President issued a threat to Democrats who won't get behind him on extending the Bush tax cuts for the rich. He said if this isn't passed, they'd better prepare themselves for a double dip recession. Things got dirty yesterday between President Obama and his liberal base. At one point in a press conference, the president called some liberals "purists" and said they were "sanctimonious." Analysts are predicting this tax cut extension for the rich-- will pass.