First off I have a dire need to ask the question,What's up with our economy in the U.S? If anyone watches the news they will know that our economy is going straight to...well you get the idea. What's your say? Depression or no Depression? Why do you think so?

im not sure..
but just a suggestion..
add a poll?

Depression, possibly worst than the last one.

i dunno...but u really think that it could be worse?
i mean, the last one was horiiblle

either a depression or a recession.

We haven't even ****ing gotten to a recession yet, and we're going to start recovering by 2009.

Quote from MiniMan

Depression, possibly worst than the last one.

Sarcasm? ?

Damnit. ****ing idiots who get their information from the news. Why the **** would you even think the news isn't exagerating? Specifically, with that whole stock market bullshit. It dropped 500 points. Which would be a lot, but it's out of ****ing 11000 points. When the stock market crashed, it dropped 500 out of 1000. Damn news assholes. I never want to hear someone debate off of information from the news again. It's all lies.

Quote from Sawc

Damnit. ****ing idiots who get their information from the news. Why the **** would you even think the news isn't exagerating? Specifically, with that whole stock market bullshit. It dropped 500 points. Which would be a lot, but it's out of ****ing 11000 points. When the stock market crashed, it dropped 500 out of 1000. Damn news assholes. I never want to hear someone debate off of information from the news again. It's all lies.

For some odd reason I don't remember asking to be flamed.

Nobody asks to be flamed, but when you post something without actually researching the topic you plan on debating, you tend to look like a jackass.

Our nation's overall GDP would have to be falling consistently for two quarters for us to be in a recession, and unemployment would have to be over 6%. We don't fit either of those criteria. Consumer spending is holding strong and employment is way higher than most recession's averages. The only thing that's down right now is the housing market.

We're not even close to a recession.

Quote from Exilement

Nobody asks to be flamed, but when you post something without actually researching the topic you plan on debating, you tend to look like a jackass.

Our nation's overall GDP would have to be falling consistently for two quarters for us to be in a recession, and employment would have to be over 6%. We don't fit either of those criteria. Consumer spending is holding strong and employment is way higher than most recession's averages. The only thing that's down right now is the housing market.

We're not even close to a recession.

In Arizona theres some houses that people are buying for a dollar.
Thats how bad the housing market dropped, here.

And about the stock market, it dropped 6% in 4 days.
Wow, thats SO much, I thought you said you saw the news? Thats what it said.

Well the DOW went down 500 points yesterday. Coupled with another 500 points down spike earlier this week, that's a net loss of around 10%.


Not to mention that the Federal reserve is trying to save AIG. If AIG or another big time insurance company goes bankrupt, then you can expect some serious problems. I'm not saying we're in a recession, but the economy isn't very strong right now. It's not looking great for a speedy recovery either.

10% or 6% is still a pretty huge, newsworthy drop.

Quote from Exilement

and employment would have to be over 6%.

unemployment .

Right. Thanks