Specter: ‘I think we’re on the brink of a depression.’

Speaking to reporters in Harrisburg, PA, yesterday, Sen. Arlen Specter (R) issued this dire economic warning:

Our economic problems are enormously serious, more serious than is publicly disclosed. And I think we’re on the brink of a depression.

ABC News suggests, “Sen. Specter is fully aware of the vulnerability on his right flank which may be why he painted such a dire and mysterious economic outlook when speaking with reporters.” Watch it: