What is your perseption of the economy?

Question

Do you think we are in a recession? Do you think that things will get better soon?

Answer 1

We are not in a recession until the GDP of the United States has negative growth for 6/months. Just because banks are laying off people and auto makers are closing factories doesn't mean the economy is going down the tubes.. As other sectors of the economy which are just too complex for 30/second news stories to report about are growing and keeping America afloat.

We have a highly diversified economy and the few sectors which are getting crushed just aren't making that big of an impact on the GDP. As such, we are not in a recession.

Call me when we have 8%+ unemployment and negative GDP growth and I'll jump on the recession bandwagon.

Answer 2

i think that prices of gas and comodities have increased, but wages have not. in order to make things better wages need to increase. Which in turn means that taxes will have to be raised, etc. i dont know that things will get better. but the economic stimulus package will only work if we spend our money instead of putting it in the bank.

Answer 3

Assistant Treasury Secretary on the economy.



http://www.washingtonpost.com/wp-dyn/con...