What does "potentially irreversible" recession that Obama threatens mean?

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http://www.cnbc.com/id/29032370

Just wondering whether any one has a clue about the meaning of Obama's threat?

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It means were being ripped off

AGAIN

WE ARE GOING TO WIN!
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It's fear mongering just

It's fear mongering just like bush used. No one really knows what it means but it sounds like the worst possible scenario.