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View Poll Results: I think the US economy is...

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  • Going strong. (I've been living in a cave the last few months)

    0 0%
  • Just going through a slow down.

    5 21.74%
  • Is in a recession.

    13 56.52%
  • Is heading toward collapse/depression.

    4 17.39%
  • It's the end! Run to Canada or Mexico while you can!

    1 4.35%
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  1. #1
    Furry Critter with Claws Kiddo's Avatar
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    Default American Economy

    I'm just curious how much faith people on this board have in the United State's economy right now. It's suppose to be the big issue in the upcoming election.
    Quote Originally Posted by Silently Honest View Post
    OMNi: Wisdom at the cost of Sanity.

  2. #2
    ^He pronks, too! Magic Poriferan's Avatar
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    While I agree that it would be ridiculous for someone to think the economy is going strong, you really have to stop being opinionated in situations that are best left objective.

    Anyway. The recession is a given. The question is whether or not we're heading for a depression. I mean, we are inevitably heading toward a big depression one of these days, but I don't know if this is it.

    I don't want to be chicken little, so I'm gonna keep calm and say it's a recession.
    Go to sleep, iguana.


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  3. #3
    Boring old fossil Night's Avatar
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    Recession.

    Look to Bernanke's preventative behaviors for insight into the health of the economy; public movement usually indicates internal concern.

    In terms of depression, I'd say the probability is unlikely. Many factors (international and domestic) cooperated into a powderkeg scenario in the years leading up to the depression. The situation was worsened by bureaucratic inaction and short-term spending gluts.

    Recession: likely
    Depression: improbable

  4. #4
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    Just so everyone knows, a recession is two consecutive quarters of negative GDP growth.

  5. #5
    Senior Member Jive A Turkey's Avatar
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    Quote Originally Posted by sassafrassquatch View Post
    Just so everyone knows, a recession is two consecutive quarters of negative GDP growth.
    I was going to say the same thing sassafrassquatch. Too bad it's one of those figures that tells you what's going on after it's done.

  6. #6
    Senior Member cafe's Avatar
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    In a recession and headed for worse trouble if we don't get something figured out soon.
    “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”
    ~ John Rogers

  7. #7
    Boring old fossil Night's Avatar
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    Quote Originally Posted by Jive A Turkey View Post
    I was going to say the same thing sassafrassquatch. Too bad it's one of those figures that tells you what's going on after it's done.
    Agreed.

    I suspect most extrapolate worth beyond the dimensions of the term.

    Recession holds much more sway as an ideal than it does a coin.

  8. #8
    The Unwieldy Clawed One Falcarius's Avatar
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    It looks like fashion is not the only thing that mirrors the 1980's - in America - the American economy seems to as well; You know with the two recessions in a decade thing.
    Quote Originally Posted by Thalassa View Post
    Oh our 3rd person reference to ourselves denotes nothing more than we realize we are epic characters on the forum.

    Narcissism, plain and simple.

  9. #9
    Senior Member Jive A Turkey's Avatar
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    Is anyone here actually feeling the effects of recession?

  10. #10
    Senior Member cafe's Avatar
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    My area has been depressed for a long time, so we haven't been horribly effected, but my husband just lost another stop on his route. If the economy was better the dealership might have stayed open. He also lost a few stops last year. Each stop lost costs us $100/month.

    Prices of necessities like food and fuel are going up pretty dramatically and wages haven't gone up in a long time. I think those are probably more causes of recession than effects, but it's kind of a big deal when you have a family.
    “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”
    ~ John Rogers

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