Lets face it - the US economy is toast already. Have you been watching how many companies have been laying off lately??? Motorola, Pfizer....whose next? Get ready for a deep dark dank recession folks!!!
2007-01-22 07:40:42 · 6 answers · asked by fidjgvoismvlsdmvo 1 in Pregnancy & Parenting ➔ Other - Pregnancy & Parenting
Yes, they are in a recession.
2007-01-22 07:44:06 · answer #1 · answered by D.J 5 · 0⤊ 0⤋
No, you are not in a recession. Actually you might have a slowed growth... but a recession means that you have consistant negative growth of an economy for a number of months.
Please ignore people saying otherwise. Its one of those words that people like to use to convince themselves there is an armegeddon soon to be expected.
2007-01-22 07:48:45 · answer #2 · answered by Job van de Sande 2 · 0⤊ 0⤋
Doctor J is an absolute idiot. The American economy is faltering bigtime. Everywhere you look there are lay-offs. I bet none of you understand the Austrian trade cycle and know the truth about the federal reserve. Idiots quote the GDP without really appreciating what it is or how it relates to everyday life.
2007-01-22 10:03:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Actually, the economy is quite strong. Unemployment is very low, inflation is reasonable, and GDP growth and income growth are strong.
However, if the dems raise the minimum wage (which will put many low wage earners out of work), raise taxes, etc. , then yes, a significant recession will be around the corner.
2007-01-22 07:46:03 · answer #4 · answered by Doctor J 7 · 0⤊ 1⤋
This is more of the same everytime we have a republican president. Now we have to worry about this new national insurance deal Bush has comming out. It will be considered as taxable income. Like we do not get enough taxes and with the way work is going over seas, it is just one more worry to be dealt with.
2007-01-22 07:44:47 · answer #5 · answered by Biker 6 · 0⤊ 0⤋
You haven't seen anything yet. When the new congress starts making the changes they are planning it will really go to pot. These things you mentioned happened after they were only elected. Just wait till they raise taxes.
2007-01-22 07:45:23 · answer #6 · answered by smoothie 5 · 0⤊ 0⤋