Do you think this country is headed for a recession?

Answer 1

were headed toward a depression and we cant stop it the inflation hurts along with the gas prices most places are laying off or sending people home. the value of our dollar sucks .

Answer 2

Yes this Nation is headed to or already in a recession,my job will end in a few months,Bush's Tax Cuts for his rich supporters has to go,the Billion Dollar Company Oil Chevron does not need a tax cut,even a fool can see that,we need to soak the rich that's what Clinton did and it helped the US Economy a lot back in the early 90's.

Answer 3

i think we are headed for a recession. it has nothing to do with illegals or anything like that. theres a couple of reasons why i think we are headed into a recession and the storm is coming together here.
one reason is that oil prices are too high obviously. transportation will make or break an economy and the most costliest expense to a business is transportation. people are already paying high gas prices. now u add in the cost of goods going up which will put a pench on consumer spending here real soon.

second reason is because of our stagering national debt. a country is just like a person with stagering debt. eventually its gonna have to be paid back or the more debt you drive up the less ur worth. well we measure our worth in dollars and its hurting our dollar.

third is rate cuts. altho rate cuts are good they are bad also bc the inflation rate will go up. the feds should have rose rates periodically to give wiggle room to help ward off a recession. not having a tramendous debt would help greatly to add value. when u cut rates the dollar falls. when the dollar falls the cost of goods start to increase. as the cost of goods and doing business go up wages arent forecasted to keep up. which means people will cut back on spending somewhere.

and like i said before the fourth reason is because of the falling dollar which causes more inflation. so you finacially stress out an economy thats already near its wits end. this economy cant sustain this for very long as we cant afford 100-110 dollar oil for very long. note this its been said that oil companies can sell oil at 60 bucks a barrel and still make a profit.

last reason which is a big sign of buying power. take note here the rich has been getting richer and the poor has been getting poorer and there's long been a shrinking middle class. since all this inflation is coming up its really going to show now. i think even a number of rich people are going to feel this one.

oil is bought in US dollars so as the dollar value continues to fall look for oil prices to continue to rise

and just as an added bonus. altho i think the surge of troops in iraq has worked i also think bin laden has probly pulled out his radicals too. think about it. the way small nations can bring down big nations is spread the resources out where the cost of fighting would break treasuries and economies, spread them out so far they cant sustain it. altho i do support our troops and the war on terror afghanistan is where we should be focused on. when we went into iraq this played right into bin ladens hands. all that needs to happen is an attack needs to happen somewhere and he can stamp it as his doing and bush would send troops there. so now we are paying billions a day for war which i think just fighting them in afghanistan would keep them away from here. so as our debt is now shooting skyward this help play in also devaluing the dollar. and now oil prices are now strongly basied on what could happen with unstability notice they are in mostly in countries that are unstable. the way to influence the world is throught its economy, one of the top things to effect economies are throught transportation. transportation needs fuel. only one who wont be effected are the brazilians. THE BRAZILLIANS DID IT RIGHT and they started foreign independancy in the 80s

Answer 4

Only for the rich. With the DOW pegged and falling, the real estate bubble bursting and the oil and energy bubble soon to blow, it's not easy for entrenched richies to keep making money without doing real work.

Meanwhile, productivity is going up, wages will rise, and inflation will stay low. Everyone who does real work will benefit, but the "virtual economy" of bondsmen and speculators will go poof.

Answer 5

Not just this country....The whole damn world!

Time to go primitive....c'mon guys....Stop being suckers for the spoils of our global reach.

Stop buying unnecessary stuff...love your loved ones...and find value in smaller things...(They tend to grow in their true value if they are nurtured).

Recession is only a relative state of mind.

Answer 6

yes i do!there's too many illegal immigrants in this country,and jobs are scarce!i haven't had a decent job in 5 years due to the illegal immigrants!without a job-there's no money.no money-you can't buy anything.so on and so forth.in my book-there's been a recession for 5 years!-and it's getting worse!

Answer 7

There hasn't been a world wide depression in quite some time and it is due. Think bigger.

Answer 8

I think we are already in it.

Answer 9

didn't you hear ben barnacle today.