How optimistic are you about the economy?

[Wcross]

Just curious.

[gateley]

1. I think we're going to suffer worse than the Big D.

It's a different world now.

[jwirr]

3. I voted for that one but I did it with tongue in cheek. We have oil problems

from both oil peak and wars, global warming issues, food shortages, an urban society that did not exist in the 1930s and a outsourced manufacturing situation. Worse by far than 1931.

[Deja Q]

2. Please clarify your poll:

Choice number one:

"We are all going to DIIIEEEEE!!!!!!!!11!1111!11!!!12 This is HUGH!!"

[Tierra_y_Libertad]

4. An expensive lost war + Tax cuts make for a very bad economy.

The big oil bonanza that was going to pay for the war didn't pan out when we lost. So, now, the cost is being borne in the way a crumbling infra-structure, inflation, lost jobs, business bankruptcies, with more to come so Boobya could prove he was "tough on terror".

But, the MIC is doing well and we can eat really cool "smart" bombs and other high-tech, but useless, scrap metal.

[emilyg]

5. Major recession.

[Speck Tater]

6. I would have voted "We're all going to die", but in reality

probably only 65% to 70% of us will starve to death, or be killed in battles over a scrap of food.

So, yeah, I'm optimistic.

[TahitiNut]

8. I'd like to know how anyone doesn't think they're going to die.

:eyes:

[Wcross]

9. Die as a result of the economic downturn, not of natural causes. n/t

[Speck Tater]

13. In colloquial English, "I'm going to die", or "I'm not going to die"

conventionally refers to premature or unexpected demise due to other than old age.

When the doctor looks at your X-rays and says "Good news, you're not going to die." He clearly doesn't mean "You're not going to die EVER." He merely means "You're not going to die prematurely of whatever particular ailment we were looking for when we took the X-rays."

In the present context the death rate mentioned implicitly refers to deaths who's proximate cause is starvation, rioting, or other violence related to sudden collapse of the normal support structures and behavioral constraints of civilization.

[salguine]

7. I'll be optimistic about the economy when

the people of this country rise up like it was Paris in 1789.

[Wcross]

10. Can we do it between the Dr. Phil show & Oprah?

We are busy people, we have obligations.:sarcasm:

[wildbilln864]

11. We are, all going to die!

Someday! :eyes: that was easy, lol.

[msongs]

12. our household economy is doing great, but we havent spent money we dont have

on things we dont need, so our bills are paid first and we defer our pleasures.

best wishes & assistance (not from churches propped up by taxpayer welfare) to those who through no fault of their own are doing poorly and may those who got greedy and are now learning greed is bad,
times will get better again. they always do.

Msongs

[upi402]

14. Does a severe recession mean my cable is cheaper? n/t

[Selatius]

15. I believe the massive deficit spending will continue to destroy the US Dollar.

Given that most products bought on American shelves are made with foreign labor, not American, this means that as the value of the Dollar continues to be debased, the cost of products made with foreign labor paid in foreign currencies will continue to climb ever higher, likely at a faster rate than the increase in the American median wage, which has largely stagnated in comparison.

People will stop spending on goods and services as a result and also as a result of epic gas prices. The worst is that this does not mean prices will drop as demand drops; no, it'll likely continue to stay high or even increase further, and still even higher if the value of the Dollar continues to fall. With demand for products and services down, employers will lay off more workers and cut back on activities.

You will have rising unemployment, a contracting economy, but with rising prices instead of falling. An inflationary recession.

If there is a war with Iran, the inflationary recession will probably become the Second Great Depression. The suffering would be legendary.