When millions of people lose their homes and investors buy them up cheap, ain't that a depression?

Question

Just because unemployed people are no longer on the government rolls, ain't they still unemployed. They can call it paradaise but it is still h**l when they take everything and throw you in the street and you looking for work and the next meal. The congress just looked the other way and people signed papers and lost. Now the people gonna get fed up tomorrow or next week. They will sure enough get fighting mad.

Answer 1

We are not in a deprssion.  We are in a time warp. We are going back to the 1800's.  Were you are rich or poor, with the middle class being a thin line separating the two.  When we hit the bottom we will stay there. When black people lost thier freedom, it took 200 years for us to gain our freedom.  It is true that we fought hard, but so did a lot of white people.We was sold out by our leader.  

We are all being sold out by our leader, but who will help us regain our freedom and how many hundreds of year will our children wait before they are free.

Answer 2

No, that's a housing and credit problem.  We are not even in a recession, 2 consecutive quarters of negative growth, let alone a depression. We have not even had a single quarter of negative growth, although the economy has slowed. The credit crunch and housing distress is because of greedy lenders using subprime lending practices and stupid buyers, reaching far beyond their reasonable means in purchases.

Answer 3

If you research the great depression, you'll find it actually was far worse than what we're seeing today.  This isn't even a recession, it's a moderate market correction.  Things will turn around, friend.

Answer 4

Well, then maybe we can get serious about keeping foreign cars outta here, bring back companies from Mexico, toss out the illegal immigrants, drill our own oil, give corporations the tax incentives they need to operate, etc., etc.

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