How far do you think our Economy will drop? Will we see another depression?

Question

What Presidential candidate can fix it. I'm thinking Clinton only becuase we had a very strong Economy while Clinton was in office.

Answer 1

It will probably keep going downhill with a huge depression and the poor getting poorer and the rich staying right where they are. As long as people keep spending and ignoring. Unfortunately, it looks like the government(and Saudi Arabian oil companies who don't care about Americans at all) may have already taken your choice away from you.
http://www.pbs.org/now/shows/348/index.html

Answer 2

We had a very quick rally downwards in a couple of weeks knocked off a whole year of progress.
Now the market is fundamentally extremely oversold.
It should be at 14000 and probably will bounce back up very quickly.
Maybe even in one week. That would coincide with the extreme roller coaster market we've experienced.
I think most of the bad credit news is past us.
Maybe the worst of it is past and we should have a nice steady climb back up when today's news becomes tomorrow's history.
We had a very quick rally downwards in a couple of weeks knocked off a whole year of progress.
.I can handle the idea of a recession. Slowing of growth. We've had one they say in 2000 after the dot com died down.
Now the housing bubble that picked up the pace is faded and we are experiencing the aftermath for some time to come.
The possible world wide depression scares me a bit. It seems un-avoidable.
This is the most world connected and thriving economy there has ever been.
It seems as though because the world is now so connected that some countries wealth is balancing out the recent and present impoverished countries, that are now making progress.
Maybe in a sense America's wealth is being re-distributed.
.
There was less news of the sub-prime crisis and less talk of an eminent recession, collapse or crash.
The oil makes people scared, and the sinking dollar, the war, and the lack of leadership, (especially future political prospects) These things have not changed and the news has not been new.
Then again there could be a rally or a crash and both are just as possible.
In fact both will probably occur, given the roller coaster pattern the market is showing.

Is this not partially what triggered the sell-off and resulted from the housing and bank + sub prime crisis?
If there was no real answers than what is the real problem and what could be the results or affected outcome?

Answer 3

For the last time, Hillary is not her husband. I don't think they even live together anymore. So don't count on her to fix what's wrong with this country. She couldn't even straighten Bill out.

Granted, we are in for some tough times. The stock market is not the only indicator of the state of the economy. It troubles me that people are losing their homes and defaulting on their credit card loans in record numbers. And the Republicans don't even care!

Don't let a bunch of old rich men tell you how to vote. Vote for Barack Obama in '08!

Answer 4

The stock market is overvalued . . . I see a drop . . . I do not see a depression . . . The U.S. is a correction phase . . . The dollar has been successfully revalued, the housing market is in the process of being revalued, and the stock market will be next. Once all are over, we'll be fine . . . Finances will be up and down over the next 18 months . . . We should be on the way back up within two years. If the banks have properly disclosed ALL losses, we should be fine . . .

Answer 5

Its to early to say which candidate might be able to do anything. Personally I think only the people themselves can make the difference. Americans have got to learn to stop abuseing credit or we shall have one bad depression I fear. Golden Rule. If you dont have the cash in full? You dont need it! The Magic Word? NO!

Answer 6

no longer heavily, no. foreclosure are nonetheless up, new residing house sales are stagnant, new unemployment claims are nonetheless up, and the unemployment value continues to be close to 10% (greater in some aspects of the rustic). ignore approximately inventory industry averages--they recommend *no longer something* vis-a-vis the state of an financial gadget and are a mirrored photograph of investor emotion basically. One analyst sees comparable developments to what befell in 1929...yet such issues have a tendency to alter into self-satisfying prophecies if too a lot of human beings have faith in them.

Answer 7

as long as the pelosi reid regime is in charge of finances in congress, count on a free fall. if you think clinton...you are sadly sadly mistaken. the economy was in fact from the reagan years and the dot com era. the economy had nothing to do with clinton WHATSOEVER and he did all he could to torpedo it. the largest tax increase in us history and the tie breaking vote to tax social security breaking a fifty year promise to the nations elderly were only a small part of the mess he and hillary left. i strongly urge you to rethink your view of clinton..this nation depends on your INFORMED VOTE.

Answer 8

economically speaking there is nothing on the horizen like the tech boom we saw during the clinton years - so the clintons arent the answer and never were -they had nothing to do with inventing the computer -
I think ron paul has the best economic plans to make americans the most prosperous people on earth not just a few of them