Where do you think the economy will be at the end of the year?

Question

Given the following influences: President? Gas Prices? Inflation? Cost of living? Terrorist Threats? Immigration? Higher taxes? Wealth transfer? Death of the middle class?

Answer 1

idk, i worry about it a lot though.

Answer 2

In the toilet.

Answer 3

well its  kind of iffy. It  depends alot on  what State you live in. I'm not so much worried about  the  m,market or  where we are as far as  who ever is  president  I am hoping that the Job situations aren't  being  cut too much and  we are  in a frozen market  as far as the gasoline  prices go. And people are sitting around while  the  the gas  msrket goes up in retrospect. I am staying  optimistic however  it  goes but  the  frozen market in the  oil industry is  leading  to be a   pain  and  there is nothing  that  a president  can do about that. but thank heavens the market is  still good (stocks and  dollar values)

Answer 4

THe middle class isn't dead. Its shrinking. The gulf between rich and poor is widening. Terrorist threats have been around since long before 9/11. No matter who is elected president, the economy will be determined by market forces, that is what people believe. If people believe the economy is improving then there is motivation out there to produce products and services which in turn causes the GDP to increase.

Inflation is always a problem, but with a recession the only inflationary pressures are fuel prices and consequent food prices which are depending on fuel.

Cost of living has been going up steadily for years. Wages have not.

Immigration is waning and there is some evidence that illegals are going back to Mexico because there are more jobs there and no hassles from INS.

Taxes are highest in the sunbelt states and in the states with high unemployment and concurrently high expenditures on social programs.

Wealth transfer is eased. Death taxes are low and hopefully will be phased out entirely. You pay taxes on your income all of your life, why should your heirs have to pay taxes on that already taxed money after you die?

As far as wealth transfer among the living, too much wealth is being passed to offshore manufacturers and suppliers. Too much outsourcing is killing the economy and increasing the trade deficit unnecessarily.

Answer: High gas prices are here to stay at least for another year. If the next president has the stones to declare a national emergency and remove the regulations and red tape stifling alternative fuels like coal liquification and gassification, wind power, and hydrogen fuel cells, etc. and turn his back on the oil barrons that have screwed this country, then we might have a fighting chance.

Otherwise I think the economy is going to be tanked past the new year.