Economy Question?

Question

Is the U.S in just an economy crunch (like it was in the 70's and late 80's and early early 90's) or is it headed towards another great depression at it's current rate?

Is it ever going to get better?

Answer 1

Sure it will get better when the Democrats become leaders.  That political party takes a humanist position by helping the underprivileged.  Then the tide will again swing back to republican leadership where the average person will again be oppressed economically while corporations and the wealthy gain in even more wealth.  

Goose wha...?  FDR came into leadership after the great depression had already begun.

If you enjoy reading history, try looking at Marxism... good theory for what occurs with the economy.  By Reagan forcing the privatization of finances while promoting his notorious "Trickle Down" economic strategy whereby the great republican ever promised "tax cuts" went strictly toward (as they always do) big business, the economy suffered nearly as severe "recession" as it did when Nixon (another republican) was in office.  Nixon's economic strategy to reduce inflation was to enact the wage and price freeze was only effective for the corporate echelon.  The so called "strategy" worked against middle and lower income individuals and families with unemployment rates just slightly lower than that of the Reagan, and Daddy Bush years!!!

Answer 2

Its just in a bust.  Nothing to become OVERLY VERY worried about.  It is one to be concerned with.  People should be- and are- concerned about the economy.  However, they should not panic...b/c panic just increases stress and can lead to big problems.

What's key now is for consumers to conserve.  They need to buy only necessities for now.  And they must start looking into alternate energy so we can stop needing to use oil.  That will help lower gas prices and help reduce the pain of the economy.  Furthermore, people need to be careful with finances and cautious with mortgages.  And they should stay at least mostly cautious until the government provides some more relief- through tax cuts, credits.  After those occur, then people should spend.  Yes they should spend what they get (from tax credit).  But they must be careful and not spend too much.  That's my plan [ideas] and I hope they're good.  And no a depression won't occur...i think we've learned our lessons and it would be in many nation's best interest to not allow us to get into depression (their economies need ours to be strong because if ours goes down so do their country's economy, etc).

Answer 3

It's hard to tell at this point, but so far, things aren't really getting any better. Interest rates have been lowered to stimulate economic activity, but this has has been thwarted by rising gas and food prices, and the economy is clearly in recession. Whether it could get better is hard to tell at this point. It all depends on the decisions made when a new party comes into power after election, what other countries do, etc.

Answer 4

Depends on Congress and the President. If they leave money in the private sector, let it correct itself like Reagan did in 87, it will be fine. If they tax money out of the private sector, try to fix it for us like FDR, could be another loooong depression.