Poll: 60% say depression 'likely'

[w¡n9Nµ7 §£@¥€r 123]

Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.

The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:

* 25% unemployment rate;

* widespread bank failures; and

* millions of Americans homeless and unable to feed their families.

In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.

The poll also found that 29% feel a depression is not very likely, while 13% believe it is not likely at all.

http://money.cnn.com/2008/10/06/news/econo..._poll/index.htm

[Otto 83]

Am not confident 60% of people could define a depression (or agree on what it means).

[rocks 494]

history always repeats itself. of course it will happen again. i'm more concerned about how we are going to get out of this one that worrying about the next one.

[mawilson 2,133]

Of course, there was no bailout package in 1929, the policymakers didn't respond with lower interest rates and allowed many banks to fail.

[AlHayatZween 2]

yes, i definitely feel it is possible, though i don't know necessarily how it will manifest itself in 2008...

in comparison to the 1930s.

[Trumplestiltskin 5,791]

Of course, there was no bailout package in 1929, the policymakers didn't respond with lower interest rates and allowed many banks to fail.

The only good thing about the situation in '29 was that we weren't fighting a war on two fronts, and we had FDR to get us out of the $hit.

Now not only do we have these seemingly never-ending wars, but we could very well have the likes of John "I can do it!" McCain and Sarah "Ubetcha" Palin presiding over the mess.

Of course the Depression did lead pretty much directly to a World War...

Edited October 8, 2008 by Paul Daniels

[mawilson 2,133]

Of course, there was no bailout package in 1929, the policymakers didn't respond with lower interest rates and allowed many banks to fail.

The only good thing about the situation in '29 was that we weren't fighting a war on two fronts, and we had FDR to get us out of the $hit.

Now not only do we have these seemingly never-ending wars, but we could very well have the likes of John "I can do it!" McCain and Sarah "Ubetcha" Palin presiding over the mess.

Of course the Depression did lead pretty much directly to a World War...

There have only been two official "crashes" in the stock market - in October 1929

and October 1987. If we add October 2008 to the list, the lessons of history aren't

very clear as to what happens next:

[alienlovechild 75]

There have only been two official "crashes" in the stock market - in October 1929

and October 1987. If we add October 2008 to the list, the lessons of history aren't

very clear as to what happens next:

There were more "panics" prior to 1929. I heard recently there six between 1865 and 1929.

[Mr. Big Dog 10,747]

The fundamentals of the economy are strong, my friends.

[almaty 19]

looks like as the economy starts to trend down..i get busier..stats show severe family issues in a recession and slowdown/./i see it already

[Otto 83]

looks like as the economy starts to trend down..i get busier..stats show severe family issues in a recession and slowdown/./i see it already

Just like the liquor business...Times are good..business is good... Times are bad...business is good..

[Mr. Big Dog 10,747]

looks like as the economy starts to trend down..i get busier..stats show severe family issues in a recession and slowdown/./i see it already

Just like the liquor business...Times are good..business is good... Times are bad...business is good..

Let's drink to that.

[peejay 327]

The fundamentals of the economy are strong, my friends.

It must be. Obumble said as much in the debate yesterday. Or did you miss that nugget. Yes...just vote for Obumble and all will be well. I got the magic cure. That was the message.

But didn't McAmnesty say the same thing? It's de javu all over again. Same old sh*t...different toilet. McSame? Yeah, right. Same ol' sh*t...different party.

Both of these clowns were sitting in the senate and they saw it coming. Yeah, right?

Funny how we never heard a thing 'till after the fact. Real funny. I'm still laughing. It's hilarious how they warned us of this disaster. Maybe I missed that one. I must not be on the list.

[Mr. Big Dog 10,747]

The fundamentals of the economy are strong, my friends.

It must be. Obumble said as much in the debate yesterday.

He did? Can you back that up? Quote where he said that.

Here's where Johnny made that statement.

[w¡n9Nµ7 §£@¥€r 123]

The fundamentals of the economy are strong, my friends.

It must be. Obumble said as much in the debate yesterday.

He did? Can you back that up? Quote where he said that.

peejay doesn't have to back it up. He said Obama said "as much". He left himself some good 'ol fashioned interpretive wiggle room

Weasely words from a weasely old man.