Indy
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Is A Depression Coming?
According to a CNN.com story a poll shows 6 of 10 Americans expect a depression.
| Quote From Source: |
Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.
The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:
* 25% unemployment rate;
* widespread bank failures; and
* millions of Americans homeless and unable to feed their families.
In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.
| | Click source url to view entire story. |
Source: CNN.com
Source URL: http://www.youtube.com/watch...hNxAOixs&feature=related
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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FatalWishes
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I can believe that. Problem with the US now is most of our manufacturing happens out of country. Our automobile industry sucks because everybody got tired of being ripped off when we bought American. I mean who in the hell wants to pay 40k for an SUV, pay it off and have it be worth under 10k?
The quality sucks on top of that and personally my wife and I dumped our Fords and went with Acura. The quality is so much better.
Then lets talk about insurance. It costs 300 a month for my son. Just 1 kid. Plus my wife and I have to pay for ours. Then there is the mortgage, car insurance, braces for the two girls, Day care at 800 a month, I mean the middle class is screwed.
We have been ripped off. Our home values have tanked, our retirement has tanked, they spent all of our Social Security, I mean everything we do what happens? They take it away or find other ways to charge us for some shit we don't need. And the prices of everything is rising. Gas is over 3 dollars a gallon, food costs have soared and they wonder why we are broke.
I don't know how many people are making it month to month. As the economy turns down, the opportunity for those to make it month to month disappear and the money stops flowing in. Those at or near the breaking point will be pushed over. The shocker for them will be that the laws have been changed so it is really difficult to file for bankruptcy.
Yes they need to be bailed out. I don't know if people feel they deserve a piece of the American Pie or just took it without worrying how they were going to pay for it or what, but there are way too many people living pay check to paycheck that are on the fringe of collapse. It won't take much of anything to set them back over the edge for total financial calamity.
We are skating a razors edge, looking at something worse than a recession in just a short amount of time.
Everything costs too much, there are have been little if any pay raises to offset those costs, credit cards are maxed, 401k's are drained and the tap into home equity has been turned off. Banks won't even loan to each other, they sure as hell won't lend to you.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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DanG
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We are skating a razors edge, looking at something worse than a recession in just a short amount of time.
SOOOO TRUE ! |
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ghoster
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I reckon that the masters have more in store for us. Rather than a pedestrian depression where all forces work to overcome it, there are forces that are going to use this to insert some major changes in our USA. New currency, new rules, and new masters that might come with a uniform. Nope this is going to go off the rails sooner rather than later, and it will surprise a lot of people. Money in whatever form you think will last, won't!! New currency and they get to set the exchange rate, think that doesn't sound sweet to them.
Something is coming and we will be lucky if it is only a depression.
As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."
- H.L. Mencken |
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doppelganger
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It gets even better. Check out this article about what credit card issuers are starting to do to try and sqeeze (loanshark) people on their balances so that they can bilk them out of more gotcha fees. They are deperately trying to stay alive.. even if that means they have to rip everyone off.
My wife noticed two of these gotcha tricks already on two of her cards. Citi changed her due date from the 30th to the 25th and another card dropped her credit limit suddenly for no reason other than they are trying to nail people on over limit fees.
http://redtape.msnbc.com/2008/10/how-credit-card.html |
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Indy
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Ok strange. This thread started as a Poll but I don't see poll options anymore.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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Indy
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Ok I fixed it. If you voted before you'll have to vote again for your vote to count.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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7 - zero
gloomy frikin bunch huh
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thedood
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"The rain it raineth every day, and every night also -- week in and week out, from the rising of the sun to the going down of the same, there is nothing but rain, rain, rain, 'The windows of heaven are opened up.' Pluvius, grieved at some earth-giving wrong, weeps as if he never would dry up." - Overland Press (Olympia, WA), December 1861 |
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posted on 10/7/2008 at 05:50
