60% of Americans believe that another depression is likely.

For just about anything you want to get off your chest about credit cards.
18 posts
User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

60% of Americans believe that another depression is likely.

Postby Mogul of Pineapples » Tue Oct 07, 2008 3:26 am

Almost 6 out of 10 Americans in a CNN and Opinion Research Corporation poll stated they believe a second economic depression like there was in the '30's is likely to happen. Only 21% of people said it is "not very likely."

It will be interesting to see how credit continues to play out in the future.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


User avatar
fffresh
Centurion Member
Centurion Member
 
Posts: 416
Joined: Sat Apr 26, 2008 9:12 pm
Location: the edge of the world

Postby fffresh » Tue Oct 07, 2008 12:35 pm

Ben Bernanke isn't helping. His speech currently going on is a view of gloom and doom which is only hurting confidence levels more. It would be best if the leaders in this administration would keep their mouths shut. They only hinder, not help.

magyar1045
Centurion Member
Centurion Member
 
Posts: 158
Joined: Thu May 29, 2008 4:05 pm
Location: California

Postby magyar1045 » Tue Oct 07, 2008 7:31 pm

fffresh wrote:Ben Bernanke isn't helping. His speech currently going on is a view of gloom and doom which is only hurting confidence levels more. It would be best if the leaders in this administration would keep their mouths shut. They only hinder, not help.


January 20 - inauguration of a new President is just a little more than 3 months away.

goober
Gold Member
Gold Member
 
Posts: 29
Joined: Sat Jul 26, 2008 2:55 pm
Location: OBX

Postby goober » Tue Oct 07, 2008 9:50 pm

magyar1045 wrote:January 20 - inauguration of a new President is just a little more than 3 months away.


[hopefully] we have a new president in 3 months. If the rigged Diebold voting machines and right wing nuts elect McSame our troubles will only get worse!!!!!!

User avatar
Cucumber
Centurion Member
Centurion Member
 
Posts: 567
Joined: Tue Apr 22, 2008 12:44 am
Location: Zuma

Postby Cucumber » Wed Oct 08, 2008 3:23 am

and I wouldn't put it past Dubya calling marshall law and post-poning the elections because of the economic crisis.

:mad:
OBAMA
Stop talking crap about him!

User avatar
fffresh
Centurion Member
Centurion Member
 
Posts: 416
Joined: Sat Apr 26, 2008 9:12 pm
Location: the edge of the world

Postby fffresh » Wed Oct 08, 2008 10:34 am

Cucumber wrote:and I wouldn't put it past Dubya calling marshall law and post-poning the elections because of the economic crisis.

:mad:


Not even Bush would do that. They will have their person in office no matter who wins.

If it's McCain it's the same.

If it's Obama it's the same; his top adviser is from the Trilateral Commission.

Why call martial law when they have bets on both sides?

KC95
Platinum Member
Platinum Member
 
Posts: 77
Joined: Wed Apr 23, 2008 2:51 pm
Location: cc

Postby KC95 » Fri Oct 10, 2008 12:24 am

wasn't prohibition during the depression.

at least we will have booze and smokes to get us through this one. that's about all we have to be optimistic about sadly.

robert.loehmann
Gold Member
Gold Member
 
Posts: 26
Joined: Thu Aug 07, 2008 1:08 am
Location: Toledo, Ohio

Postby robert.loehmann » Fri Oct 10, 2008 11:35 am

I overheard a table at the cafe this morning state that Obama will fix everything and stocks will recover. Obama and McCain both have shown they have very little understanding of the problems at hand and anyone that believes either of them can wave a wand and fix it are dead wrong. The last depression took a good decade to recover and we should expect the same this time.

User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
 
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Sat Oct 11, 2008 12:46 am

This week ended up being the biggest decline for the Dow ever in history, both in points and percentage.

It will take a long time to fix and we have Bush to thank for this. When he first got elected I remember my mom saying it would take 50 years to undo the mess he will put this country in. She sure hit the nail on the head with that one!
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

jak
Green Member
Green Member
 
Posts: 8
Joined: Sun Oct 12, 2008 8:01 pm
Location: PA

Postby jak » Sun Oct 12, 2008 8:09 pm

And is it just me or is this bailout or "rescue" as they now call it just free money they're giving to corporate America? I mean can you think how much that would benefit if we spent that trillion plus on our own people? We could be doing another Manhattan project or something for clean energy. We could be creating jobs through the government. There are so many other things we could do with that money that would have been a thousand times more efficient.

I don't get this!



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests