Are we heading towards another Great Depression?

Answer 1

yes ma'am. how are YOU doing?! rofl

Answer 2

The Gini-Coefficiency is at the greatest disparity it's been since the Great Depression. (This means the gap between the wealthy and the poor is at it's widest since then.) (1)

For the first time since the Great Depression, we are a country with a negative savings balance. (2)

With the availability of jobs that pay benefits and living wages slowly disappearing from our economy (3) it is becoming increasingly difficult to create positive change that will keep us from seeing another Great Depression.

Add to that a nation that lives on credit, much of which is engendered by predatory lending practices (4) on the poorest in our country (5) and we find ourselves with little time left to pull our country back from the brink.

The future doesn't look good. Unless more is done to address these issues, I don't see how we can avoid seeing another Great Depression.

Answer 3

it certainly seems so. though the economy is operating at record pace, the gas companies could care less about the lives they destroy buy profit grabbing and the liberals could care less of the wake they cause by installing failed tax and spend schemes and welfare transfer payments that slow down the economy. The fundamental problem here is what I call the great power grab from the razor thin mandate of 06. The people in charge, liberals, dont understand the taxes dont help an economy, they STIFLE it, and because of that lack of understanding were on a collision course with a recession and well ahead of schedule. On the other end, the oil companies are clearly out of control but the way the liberals want to address it is totally wrong. what would fix the prolblem is energy credits for new exploration and alternative fuel production not excess tax. The pelosi/reid regimes plan of taxing profits to off set, are you ready..farm aid...lol, is not going to help and the montana land grab of the clintons in the nineties, outlawing exploration for energy in millions of acres in montana and alaska only compounds the problem. this economy is energy based and so goes oil, so goes the country. as a responsible working, non liberal, person I can only hope the electorate wakes up before its too late and were in the recession you speak of.

Answer 4

finally, there is lots debt in this u . s . and we are spending money (purely like in international conflict I) on the international of day after at present rather of paying off debt or the cost of arising warships and planes for this present day conflict, and we don't even comprehend that we are sinking deeper into debt. optimum human beings do no longer think of of so. the money that we spend isn't appropriate properly worth something, it extremely is rather like play money. whilst money grow to be real a dollar bill used to have revealed on it a silver observe. Now money now longer has this revealed on it. A silver observe grow to be to assert which you had exchanged gold or silver for the dollar. So specific I do think of of that speedier or later we are in a position to be headed for yet yet another super melancholy.

Answer 5

Yep! High gas prices, and war debts will effect us in the long run.

Answer 6

I am not sure, are you depressed?

Answer 7

I can't sense any of those where I live.

Answer 8

Depresson Naaaaaaaaaaaa.........But the end of the world is near..............

Answer 9

yes,... the economy is gonna flop and we'll have a huge war,.... experts have predicted this......