ANSWERS: 21
  • I think that the US is headed towards more inflation, but foreigners will probably view the country as being "on sale" and increase shopping-related tourism, thus increasing retail sales. But, hey, anything can happen.
  • We are already in a recession sp we are headed that way.
  • Yes, the US will be in a depression soon.
  • If the availability and pay for jobs is any indication, I'd say we've been in one since 9/11. They've only just now started admiting it. Time to come out of this depression!
  • Yes, and this is exactly what our government is trying to do in order that they may push the class system further apart into the Have and the Have nots. Once America is on sale all the people with money will buy up everything in site and the rest of the population will become slaves to the dollar in order to survive.
  • Yes, and I have been stating that fact for over 18 months to anyone who will listen. I have watched our home values rise, people buying homes that should not, credit being extended to excess. Now I see our home value plument - but the property tax has stayed at the higher rate at this time. I see forclousure mounting, credit now extended only to the highest rated scores. Our home owners insurance has doubled in the last 2 years. The disabled and elderly will be the first to suffer after the obvious over spenders. This group cannot afford their mortgage payments, insurance premiums for homes and supplemental health care, the cost of gasoline, the price of eating healthy, the cost of heating or cooling their homes. The evening news shows daily another group or area of the country losing their homes or jobs. Unemployment in on the rise - with no jobs created to replace those that have been lost. We ship our telemarketing jobs overseas - our steel has been gone and is just hanging here on a thread. All manufacturing is being moved overseas to create profits for investors with no concern over their fellow Americans. We have hundreds of thousands of Americans who have either never paid taxes or underpay - yet we want to spent millions on a wall to keep Hispanics out because someone thinks that their number affects our bottom tax line - why can't we get a look at the number of working age Americans that have 0.00 listed year after year on their Social Security statement (if they have a SS #). I wish I had the stamina to sit and think this out and type my opinion properly but I am one of the disabled - I cannot sit long periods and typing is very difficult. My husband was a Const. Super. - he has been laid off since March. We could soon find ourselves homeless unless things change. Several more months of his unemployment will end our dreams. Yes, my life is text book heading towards depression. Thank God we were smart enough to never take out equity on our home or an equity line, like so many others we know did to their dismay now. They owe more than their home is currently worth. Help us all - we need it!
  • Yes, and i've seen it coming for a while now... I can't help but feel that we deserve it a little...
  • I think we already are in an economic depression, people and the government just don't want to admit it. Gas prices are insane, food is too expensive i remember the good old days when you would go to the supermarket and get food for a month with $80!!! Now $80 is nothing!
  • No, We are not heading towards a Economic Depression. The 20's and 30's were isolationist times. The world is now connected. If one goes down, the others will fail. We could be heading towards a long recession. As long as consumer spending is down and people are paranoid about spending, All industries will suffer. If there is no money riding through system with products and services, everyone will see a huge pinch, but not a depression. There is large economy that drives supply and demand. People need to look at their own personal economies.
  • I've heard similar to but not as bad as the Great Depression eighty years ago. I don't really have my own opinion, as I've don't care that much. I probably should, but I don't.
  • The value of US dollar has declined to much in the foreign markets. The Canadian dollar and Euro have desimated the American value. The Euro is 50 percent higher than the dollar was in the Clinton years. The canadian dollar is equivalent or a bit higher at most times during the last 8 years. Finally with the above two answers, Foreign competition is buying America. The US dollar if approved will take us out of this recession in the foreign markets and help us compete globally with supply and demand and trade practices. America will be able to call the shots economically in a global market with products and services in most industries. P.S. I am not an economist. I am just a commonsense thinker
  • Oh for sure! no doubt about about it. Read history and you'll see it. What have we been told has caused this "credit crunch" as we call it here in the UK. We've been told it's due to greedy bankers, mortgage lenders, brokers etc etc who lend too much than they should to reap more reward. But haven't people been doing this since forever, why all of a sudden is there a recession. NO. History will teach you that those countries who are in unresolvable wars always fall into recession. The UK n US are the 2 countries spending the majority of their money on war. These are the MAIN two countries feeling the depression. Coincidence?!?!?! Why has no news reporter or journalist EVER even thought to link the two??? Why has this never been questioned or at least considered??? It's happened so much throughout history! Remeber the soviets and the cold war during the 60's? Did russia's economy not crumble when they spent all their money on war? Remember WWII, did the german, UK, AND US economy begin to fall badly during this period??? Has no one else spotted this age old pattern, or even considered it at the very least???
  • I think were headed to a global melt down with chaos insuing after.
  • Yes at about mach 4 with no brakes and the world riding sidecar.
  • NO, THEY'VE BEEN SAYING THAT FOR 7 MONTHS NOW. ONLY PEOPLE AFFECTED, ARE ONLY THE ONES THAT DEPEND ON STOCK FOR A LIVING, FOR RETIREMENT AND THOSE THAT COMPANIES DABLE WITH STOCK TO HELP THEIR PROFITS AND WHEN THEIR PROFITS CHANGE FOR THE WORST, THEY LAY PEOPLE OFF, LIKE A CERTAIN AIRPLANE COMPANY, THEY HAVE $8 BILLION IN RESERVE, BUT WANT TO LAY-OFF SALARY, SO WHEN THEY HIRE BACK, THEY CAN PAY LESS. THIS COMPANY CHEATS OUR GOVERNMENT OUT OF BILLIONS, SO THEY STILL CONTINUE TO MESS UP PEOPLE'S LIVES. AS IS THEIR NEW PASSENGER PLANE, IF YOU TAKE OUT THE TRANSPONDER THE PLANE IS STEALTH AND OUR GOVERNMENT AND THE FAA DONT CARE. HAVE A NICE DAY. MIKE
  • According to the Democrats we have been in a depression for the past year.
  • Nothing seems to be helping the economy, no matter how much federal money is being pumped into it. So of course the government wants to give out even MORE money... which is only going to put the country into an even deeper hole. Capitalism or Socialism... make a choice already!
  • I really feel like we are. It's scary.
  • NO, BECAUSE THEY'VE BEEN TALKING ABOUT THAT FOR 6 MONTHS. ONLY ECONOMIC PROBLEMS ARE THOSE THAT DEPEND ON STOCK TO LIVE ON AND COMPANIES THAT DABBLE IN IT AND LOOSE, THEN PEOPLE GET LAID OFF. IF I COULD SELL MY EARTHQUAKE SOLUTION. EVERYBODY WILL BE BACK TO WORK AND I AND MY GLOBAL TEAMS CAN DELETE GLOBAL WARMING. I'M ASKING $120 BILLION AND THE FIRST PERSON THAT GETS ME A BUYER GETS $10 BILLION, WHEN THE TRANSACTION IS OVER. I KNEW HOW TO TURN YOUR ECONOMY AROUND 9 MONHS AGO, BUT BUSH DID'NT CARE.

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