Is it true our economy is only going to get worse?

Question

What can an individual do to help? What about gas, food, and tuition prices? Will they be effected and if so how much?

Answer 1

Worse...and I'm starting to worry for my family.

Answer 2

Yes, for a time.  Then things will get better again.  This happens every ten or twenty years.  Nothing to sweat about however, learn to become Frugal.

Answer 3

odds are things are going to get worse before they start to get better.

on the good side I hear that gas is expected to go down a bit (but who knows how long that will last) around labor day.

food prices will go up.

and the same maybe said about tuition prices.

Answer 4

The next couple of years will be rough. An individual can work hard and not lay around depending on the government to bail them out.  There are many so called economists and few of them agree on the what where how and whens.  It is too large scale to really predict accurately.  I'm thinking it's God's way of telling us to trust him and not the dollar that we seem to be worshipping lately.

j

Answer 5

"Henry Paulson, head of the Treasury, said that the housing market will need months to recover- so that's good [instead years, it will be months]"  

Except he is probably lying through his teeth to paint a rosy picture. The Federal Reserve, in collusion with the treasury, will continue to inflate the money supply to bail out banks. That is why they have stopped publishing the money supply numbers, as we would know just how much inflation they are causing. They have just printed 300 billion to bail out FreddieMac and FannieMae. This will not help individuals, just banks. We will pay these bills from taxes and through inflation, which is a hidden tax in the form of higher prices. Wealthy elites who "run" our economy (usually right into the ground) do not really care about inflation or rising prices, as they are too rich to care. It doesn't matter if milk and gas go to $10 or even $20 a gallon, when you are a multi-millionaire, you can afford it.

Visit www.freedom-force.org to learn more.

Answer 6

It'll get worse then get better.  Things are still bad right now and the housing market certianly isn't good...but they will rise back up; Henry Paulson, head of the Treasury, said that the housing market will need months to recover- so that's good [instead years, it will be months].  Also, things will rise back up and improve- they certainly weren't as bad as life was in the Depression (much higher- unemployment  and bigger debts). We'll survive and make it, but we must spend only on necessities, drive less, and use more alterneate energy (push our government to increase energy production from clean ones (clean energy) and reduce oil dependence and increase private and public sector efforts to work on it).  Gas prices may go down, food prices may stay up (let's get rid of the farm subsidies for the rich), and tuition prices im sad to say will go up (but they may steady out if the economy gets better. I hope so!!!!)..

Answer 7

it will get worse before it gets better wait untill after the election and see what happens

korkie