Poll: 60% say depression 'likely'

[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.

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.

Thing is though, that Obama didn't even say "as much" as that. Rather, he said this:

Obama: I think everybody knows now we are in the worst financial crisis since the Great Depression. And a lot of you I think are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college.

And I believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by President Bush and supported by Sen. McCain, that essentially said that we should strip away regulations, consumer protections, let the market run wild, and prosperity would rain down on all of us.

It hasn't worked out that way.

How does that translate into saying "as much" as the fundamentals of the economy are strong?

[Hilarious Clinton 452]

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

What's the difference between a recession and a depression? A recession's when your neighbor loses his job and a depression is when you lose your job. (heard that on the TV)

[spookyturtle 9,466]

No need to worry about a depression. THAT ONE will lead us through.

[Trumplestiltskin 5,791]

No need to worry about a depression. THAT ONE will lead us through.

Or "we can do it / my record speaks for itself"

[IAMX 3,055]

60% of Americans say "sky is blue theory" likely.

[spookyturtle 9,466]

60% of Americans say "sky is blue theory" likely.

And the other 40% don't know what the shy is.

[jundp 191]

The fundamentals of the economy are strong, my friends.

You betcha!

[NickD 203]

Still live in a world where less than 10% of the population controls over 90% of the cash, in like manner less than 10% of the population controls the lives of the other 90%. This doesn't say much for the 90% that is letting this happen.

Money was a good invention, thousands of years old for a medium to make trading of goods and services convenient, but a few realized the power it also has and either by crook or force, managed to get a bunch of it. We were also tricked into dependence in this country, our cities are totally artificial with really no means to provide the very basics of life, food, shelter, and clothing like the pioneers of this great country had to learn how to do. If the power goes out, grocery or clothing stores are closed, you car won't start, no water, nor heat, most are completely helpless, completely dependent on everyone else.

A good question to ask, is why did we let ourselves become so dependent? Most of us don't even know how to survive.

[Completely 3]

This is somehow true.. some people get depressed on their financial situation one of this is was the person who killed his family in california and killed himself..

Here is the link.

http://www.latimes.com/news/local/la-me-po...story?track=rss

[NickD 203]

This is somehow true.. some people get depressed on their financial situation one of this is was the person who killed his family in california and killed himself..

Here is the link.

http://www.latimes.com/news/local/la-me-po...story?track=rss

After watching the debate last Tuesday, felt it would have been far more appropriate for Obama and McCain to hug and french kiss rather than give each other a big smile and a handshake. They make far better lovers than opponents.

Would have been nice if at least one of the them would have quoted the top 200 economist in this country. First off, Paulson's estimates are at least twice that for fail mortgages accounting more of a 300 billion dollar lost instead of 700. Next, never bothered to tell the total mortgage debt of around 11 trillion dollars. 100 (3 X 10^11/11 X 10^12) = only 2.7% in losses. And that is even if they are that great, still dealing with real property here. And with any US corporation, have to show at least a gross profit of 30% if for any other reason, to keep the stock holders happy, at 2.7% loss is nothing, most manufacturing companies would love to have a loss that low. Course that is gross profit subject to taxes, have to find a means to cut that down, that is where the fringe benefits come into play, likes corporate jets, spas, country clubs, etc. No fear of the IRS, they stay far away, and business, my ###, this is strictly for fun. That's why the leading economists were against the bailout.

Did either Obama or McCain bring this out? Hell no, instead said we are in seriously trouble, or translated, they were both lying. This is the kind of choice we have, but still slightly favor Obama, feel he would be a bit more tactful than McCain in foreign affairs.

But why do we have to have liars running for president? And why are the ones that tell at least part of the truth ruled out early in the game?

[peejay 327]

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 is the transcript from the debate. Judge for yourself.

MR. BROKAW: Senator Obama, time for a discussion. I'm going to begin with you. Are you saying to Mr. Clark and to the other members of the American television audience that the American economy is going to get much worse before it gets better, and they ought to be prepared for that?

SEN. OBAMA: No. I am confident about the American economy, but we are going to have to have some leadership from Washington that not only sets out much better regulations for the financial system; the problem is we still have a(n) archaic, 20th-century regulatory system for 21st-century financial markets.

The point I'm trying to make is that I have heard about this "archaic" regulatory system over and over from these guys. Where was the legislation to reform it coming from the Democratic congress? Legislation originates from congress. Where did the 2 presidential candidates and 1 vice presidential candidate come from? Congress! As I said...where were the warnings before the sh*t hit the fan? There is only finger pointing after the fact. Where was this "leadership" when it was really needed?

Or was the plan all along to wreck the economy before the elections for political gain? There is a lot of blame to go around and pinning it all on that idiot GWB just doesn't wash with me. I have no love for GWB, but I'm not naive either.

[peejay 327]

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.

Weasely old man, eh? Care to back that up? I whip punks just for the exercise.

[Otto 83]

Or was the plan all along to wreck the economy before the elections for political gain?

The timing of it all is a bit 'curious' isn't it?

[almaty 19]

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.

Weasely old man, eh? Care to back that up? I whip punks just for the exercise.

[Ling Ling 22]

By the economic definitions I learned, we've been in a depression for quite a while...just nobody will admit it.

Recession = A significant decline in economic growth (or lack of growth) in the GDP, that lasts six months or longer.

Depression = A long Recession