Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I believe yes this is worse than the Great Depression the difference is we have more government assistance....
The Govt assistance pretty clearly has avoided a 1930 repeat, at least thus far, and made this mess a little more tolerable. But that only goes so far.
This is not a depresio ;I agree read about the great depression. As to recessio it depends on where you live if your in a receesion still. Soe areas just like the 70's recession will be recoverig for deacdes if they loss their economy base. IMO this is going to be a long hard road back for many with no magic bullet.
This is not a depresio ;I agree read about the great depression. As to recessio it depends on where you live if your in a receesion still. Soe areas just like the 70's recession will be recoverig for deacdes if they loss their economy base. IMO this is going to be a long hard road back for many with no magic bullet.
I agree. Those who think this is anything like the depression of the 1930s were obviously not old enough to remember the 1974-1984 recession. That recession was far worse than anything happening today.
Unemployment was higher, interest rates were much higher, inflation was much higher, oil and gasoline prices were higher. Those who compare this recession to the 1930s depression are completely clueless.
This notion that solutions must come from government action is sadly why America has fallen and is also the reason our present depression (government created FYI) will go on for much longer than necessary.
Whatever congress does to interfere in the job market either through new regulation or more protections for big corporations that squeeze the little guys out, will make it harder for future generations to succeed.
History says I am correct in my assessment.
When you raise the cost of something, less of it is demanded by the market. Obama has consistently worked to raise the cost of employment: the pro-union campaign, benefits costs, regulation.
Trade restrictions mean that we pay more for things we use and get less for things we produce. Obama's record on trade has been abysmal.
The dead weight of compliance with an impossibly complex tax cost is something that slows us down--and Obama proposes sheaf after sheaf of new pages for the tax code in order to pick on enemies or carve out benefits for friends. Worse, he has ignored the common-sense centrist suggestion of every bipartisan group that has studied our major challenges--pro-growth tax reform. He ash-canned his own Simpson Bowles Commission recommendations, and is now campaigning on a tax platform that is diametrically opposite.
Regulations are introducing a new degree of sclerosis to what should be a dynamic economy. The new territory being staked out by the EPA would shut down 20% of our capacity to generate electricity, 10% of our cement plants, and countless other industries.
A vibrant financial system is crucial to prosperity, yet Obama baits the banks at every turn. Seven thousand community banks are getting hammered by Dodd-Frank (talk to any one of them if you do not believe me) and a significant number of them will sell out to the big chains that have the armies of lawyers and lobbyists that Obama's America requires.
These are the ingredients for a Great Depression. Whether we avoid it depends on how quickly and how completely the Obama agenda can be unwound.
It ends when obama is out of office. Business will be relieved when his obamacare is repealed, along with his radical regulatory agenda that is costing business BILLIONS of dollars.
I honestly believe that the so called depression stems from a number of factors, the number one being the strain on ssa to solve the problems for an aging baby boom generation who feel they have paid their dues. This generation was founded on hard work ethics, before computers, iphones and ipads. These people were brought up to believe if you work hard you will be rewarded, in the last couple of decades a new alternative thinking has taken place by generations born from the baby boomers. The thinking is think smarter not harder. This in itself has lead to skyrocketing obesity and medical costs. Exercise is something we do in living rooms and we are inundated with new forms of medications, commercials targeting depressed people etc. The days of working hard for most Americans means sitting at a keyboard clacking and crunching numbers....When I was in the Marines we would work 14 hours at times unloading mail from sealand trucks, as an electrician I would be in trenches installing conduit all day. Now that these jobs are less than desireable for your average American illegals have jumped in to perform them. They do it with pride and determination. I can remember seeig them watch me as I wired up a panel and they were learning, absorbing the information. Now that the babyboom generation has slowed the generatin x's ask why are we in a recession, its because they werent taught how to work hard and keep this country in the hands of Americans. So yes the depression was caused by the inability or know how to get off the a%% and perform real work.
Actually the highest unemployment is among electricians and others in the construction industry. They would, in most cases, be happy to get off their a%% and perform real work. But nobody is hiring them. I have heard of illegals taking these jobs, certainly a good reason to prosecute their employers.
Last edited by pvande55; 10-09-2011 at 05:41 PM..
Reason: Add note
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
