Originally Posted by
john
Newman, not to get picky but you must be very young. This economy is not a depression era economy. Secound it is not even the worst since the great depression. I say you must be young because you must not remember the 70s with Carter as President. Listen with as bad as it is now we still dont have unemployment nearing 10%, inflation at just over 11%, and intrest rates at over 20%, Lines a mile long to get fuel, ect., ect., I could go on and on about the Carter years. Sorry just had to clear that up. As a matter of fact, I believe one reason for this (how deep) recession is, if the media did not start saying we were in a recession a year and a quarter before we were actually in one, (to get Obama elected) people might have not gotton so scared and spent more. It is as they say, a self fullfilling profacy.
P.S. The economy has a cycle look at history, we have a reccession once almost every 8 to 9 years.