Do you think we will experience another Great Depression?

Question

The economy is so bad. Gas is about to go up to five dollars a gallon in September and the price food is high. Also a lot of people are being laid off and losing their homes.

Answer 1

Recession is when your neighbor has no job, depression is when you don't have a job.

There are too many govt. supports in place to allow a depression on the scale of the one in the 30's.  

therefore the answer is NO

Answer 2

This is normal.

Answer 3

Yes, but it won't be nearly as bad as the original. The Fed is way too active now.

Answer 4

No girl, we ain't having no recession!!!

Answer 5

No, we'll experience stagnation where there's no growth, but no declines either. Won't be nearly as bad as the Great Depression.