Are we heading for a recession, in the USA?

Question

I feel like we will be in one in the next 2 years, Bush has not helped matters any at all, and we are going downhill, Even with a change in Administration, the deterioration has gone to far

Answer 1

In the next 2 years ? Has your paycheck kept up with your expenses even this last year ? If yes, let me know what I am doing wrong. This country is in deep trouble now.

Answer 2

I don't think we can or should blame "President" Bush for everything that happens. I know that some parts of the country are already in recession. The country has been in both recession and depression before under other presidents. One of the reasons for the recession is that people continue to spend money that they don't have. And the other thing is the home mortgage foreclosures which "President" Bush just put into law a means to help those people in foreclosure who really were able to own homes when they applied for the mortgage. And the problem in Iraq continues and has provided many people with good income for themselves and their families (remember that this was not a lottery military this time, people signed up to go there). Now that I've given 3 examples wherein people themselves have made the decision, and two examples really wherein our President has helped people a lot. Getting back to your question. yes we're probably heading for a recession. Did you stock up?

Answer 3

Technically, with the slowdown that happened in the third quarter, things are picking up a bit in the fourth quarter as we head into an election year. Therefore, there is no chance of a recession unless 4th quarter gdp results next year show a negative growth. The last major recession that occured was during before 9/11, and again sometime in 2002. So far, there have been no major terrorist attacks in America this year other than shootings at malls and campuses.

Answer 4

There will not be a recession this year but there will be slow growth for a couple years. 2008 will be an election year and congress will pump money into the economy as they always do in election years to please their constituents.. The housing market will have little effect. This is a false problem the prices and valuations of homes were rising too fast relative to wages this was a necessary correction. The falling dollar has helped with exports and a needed resurgence of American manufacturing. The retirement of millions of baby boomers will create a healthy job market for years to come.

Answer 5

Absolutely!! I think we might already be in one. The value of the U.S. dollar is doing very poorly, not to mention the cost of living has risen dramatically (Gasoline, Milk, etc.) and employers aren't even offering cost of living wage increases. I think things are going to get much worse for us economically and politically. If the election had worked out 8 years ago the way it technically should have (Bush/Gore) we might not be facing the turmoil we are today. Under republican ideals the poor, working or middle class will never pull ahead because we carry the country with the taxes we pay! But I'll stop now, before I really go off....

Answer 6

We need less government regulation, less government taxation, less government spending and simply less government.

Almost all of the problems that arise in our great nation can be directly tied to our government.

Government does little well. Government is suppose to protect us and keep us free then get out of the way and let individuals (ie, people & business) do the rest.

Our economy could be greatly helped if we would abolish the IRS and implement either a small flat income tax or a national consumption tax (preferred).

Along with this the federal government should be drastically reduced in size and spending decreased as well. The individual states should be handling most of what the federal government is currently doing (ie, all social programs, education, agriculture, healthcare, etc.).

The bottom line is the government only consume and doesn't produce anything.

A few simple, yet dramatic, changes could be enacted that would send our economy booming beyond anything we have ever seen which would be good for all Americans.

God Bless America

Answer 7

Yes, I'm afraid you're right (that's why I left!)
The damage that has been done is far too deep for any new administration to change.
What will really set it off will be any bailout of the housing market. Then I fear not a recession, but a full blown Depression, just like in '29!!!
(PS: If you figure in the shrinking value of the dollar internationally, the "double" in housing values means absolutely nothing! Same with the stock market!)

Answer 8

fairly some professionals are asserting we are already in a recession. I believe them (certainly i envisioned one decrease back in August). yet, i might anticipate the President of the united states to declare different sensible. it ought to certainly reason panic if the President got here out and reported we've been screwed. because of the fact the Federal Reserve isn't taking any genuine action previous slowly decreasing federal costs, i think of the economic gadget gets worse in the previous it receives greater suitable. LOL Ken, greater suitable government spending enables the economic gadget. discovered that one in introductory macro.

Answer 9

I dont think so,I think since its gonna be a political year,the left is touting that idea.The home markets have gained a little,believe it or not,retail sales have gone up to meet the quota's for the year,if a democrat wins the white house than its possible.The first thing they'll do is raise taxes and its been proven that when thats done,spending by consumers drops.Remember it was a left congress that issued the FHA to lower standards on loans,now they are sitting on the sidelines and pretending they had no part in it.

Answer 10

Correct. The signs have been there for a couple of years. The extended deficit spending, the bubble in the housing market that was bound to burst (and has), the rising enrgy prices. The thing that amazes me is how many people don't see it still.

Seriously. Sometimes its problematic--its hard to spot a coming recession ahead of time. but this situationis so blatently obvious it's a no-brainer.