Just how bad is the economy?

Question

How much worse will it get?

Answer 1

I'm like the first poster... I'm gardening now for the first time!  

We are in deep trouble guys!   Watch the dollar continue to fall and gas prices continue to rise.  Also our food prices are rising too.  It's like we all took a giant PAYCUT and few seem to be aware of this.  You are making LESS money than you were a couple of years ago, because your dollar is worth less.  

http://www.youtube.com/watch?v=ULJNrTl4R...

This is what I'm listening to right now.

Answer 2

We've had almost 8 years of a repressive fasc--er, Republican regime that's already given us one recession (just like his old man did) and all kinds of scams that happen under Reagan's deregulation or Hoover's lack of regulation swindling people out of their money, which is what free-market capitalism was designed to do, so take a wild guess.

It's why we need a Democrat--or lots of them--to straighten things out.  We had a great economy through most of the 60's, until Nixon screwed it up.

Answer 3

better start raising your own food

Answer 4

what, me worry~??!!

but...but.... Bush just said everything was sound today~!!!

Answer 5

A lot of professional economist see the US going into a very deep depression much worse than in 1929, mainly because of credit card debt and a lot of bad mortgages that didn't exist back in the 20's. Too many people depend on the gov to pull us out of this when most of them don"t have a clue what's going on, so I suspect this is going to be around for quite some time until we wake up and start voting for people who have some answers and not just change.

Answer 6

Compared to what?  Compared to Europe and compared to history in the US, the economy is not that bad.  It has slowed, which ALWAYS happens after several years of growth.  Unemployment is not particularly high yet.  Inflation is getting worse, mainly due to higher food and fuel prices caused by Democratic environmentalist policies.



Foreclosures are high, because many people took floating interest loans with little or no down payment.  They should not have bought houses on those terms to begin with. They will have to go back to renting and will hopefully save for a down payment and get a real mortgage the next time.



It is hard to say how much worse it will get.  It depends on the American people.  Will they get completely depressed about all the bad economic news they hear and just wallow in self - pity, or will they work hard to improve their own situation, starting businesses, solving problems, and grow the economy again.  The economy depends much more on us than it does on government.  We need to take things into our own hands and improve our own situations rather than depending on government to save us.