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Is the US facing another economic depression?

Results so far:

Yes
85% 144 votes Total: 170 votes
No
15% 26 votes

It was Harry Reid that said, "The war is lost."

It was Barack Obama that said, "The surge will not work."

It was John McCain that said, "I would rather lose an election than lose a war."

It was Nancy Pelosi that said, "No offshore drilling."

It is John McCain saying, "Drill and drill Now."

It was FDR that said, "We have nothing to fear but fear itself."

It is the Dems today saying, "Be afraid, be very afraid."

It seems today the Dems are saying, "I would rather destroy America than lose an election."

The State of America is still at the critical level, one step away from recession. The market is in turmoil but not in chaos. Compared to other countries our production rate, unemployment rate, our overall economic growth rate and low inflation are things to be envied. Like the rest of the world our economy is slowing down and will continue to slow until after the November election. Small business is continuing on but with all the talk coming from the media, driving fear into the hearts of the consumers, retail sales will continue to drop. If this continues our economy will fall into a recession or worse.

At the time Roosevelt made his famous speech America and the world was in far greater danger than anything we are facing today. Listening to the Democrats and the media you would never guess this to be true. Very few people understand or pay attention to the stock market or the commodities market in America. This is true of the media anchors and commentators and the majority of politicians. These people count on stock brokers, so called market experts, and business people to tell them what is wrong or right with our economy and the markets. Sometimes these experts are wrong and the people that invest in the market lose money. When this happens like it has this week, the media goes crazy and warns the country that the world may be coming to an end.

When everyone was able to buy a home and the government was spending money on the Woodstock Museum and the Bridge to Nowhere, the commentators and news anchors laughed and called it politics as usual. It didn't bother them because they were making money not only from their high paying positions but also from a market that was continuing to rise. Now that the same people are losing money they are out for blood and blame, mostly aimed at the President and Republicans. This is playing right into the Democratic play book. Scare the voter bad enough and convince them it is only the Republicans to blame and we will win the election.


Below are the top articles rated and ranked by Helium members on:

Is the US facing another economic depression?

No
  • 1 of 3

    by Kenneth Boser Ii

    It would be easy, yet premature, to call the crisis in the financial sector of the economy the majority of the cause of another

    read more

  • 2 of 3

    by Ronnie Spangler

    It was Harry Reid that said, "The war is lost."

    It was Barack Obama that said, "The surge will not work."

    It was John McCain

    read more

Yes
  • 1 of 13

    by Heath Cleaveland

    The difference between a recession and a depression is subjective no matter who tells you, be they government officials,

    read more

  • by Bill Parks

    Of course the U.S. is headed for a depression, like so many other nations, England, Japan, and the Philippines to name a

    read more

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