60% of Americans believe that another depression is likely. - Credit Card Forum

Mogul of Pineapples · 10-07-2008, 12:26 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.

fffresh · 10-07-2008, 09:35 AM

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 · 10-07-2008, 04:31 PM

Quote:

Originally Posted by fffresh

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 · 10-07-2008, 06:50 PM

Quote:

Originally Posted by magyar1045

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!!!!!!

Cucumber · 10-08-2008, 12:23 AM

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

fffresh · 10-08-2008, 07:34 AM

Quote:

Originally Posted by Cucumber

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

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 · 10-09-2008, 09:24 PM

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 · 10-10-2008, 08:35 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.

Mogul of Pineapples · 10-10-2008, 09:46 PM

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!

jak · 10-12-2008, 05:09 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!

10-07-2008, 12:26 AM	#1
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 279	60% of Americans believe that another depression is likely. 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. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

10-10-2008, 09:46 PM	#9
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 279	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! __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

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10-07-2008, 09:35 AM	#2
fffresh Centurion Member Join Date: Apr 2008 Location: the edge of the world Posts: 227	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.

10-08-2008, 12:23 AM	#5
Cucumber Centurion Member Join Date: Apr 2008 Location: The beach of Zuma Posts: 146	and I wouldn't put it past Dubya calling marshall law and post-poning the elections because of the economic crisis.

10-09-2008, 09:24 PM	#7
KC95 Gold Member Join Date: Apr 2008 Location: CT Posts: 42	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.

10-10-2008, 08:35 AM	#8
robert.loehmann Green Member Join Date: Aug 2008 Location: Toledo, Ohio Posts: 23	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.

10-12-2008, 05:09 PM	#10
jak Green Member Join Date: Oct 2008 Location: PA Posts: 9	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!