Nearly half of Americans believe another Great Depression is likely

Discussion in 'Politics' started by get_involved, Jun 11, 2011.

  1. get_involved
    Offline

    get_involved Gold Member

    Joined:
    Jul 16, 2009
    Messages:
    2,036
    Thanks Received:
    423
    Trophy Points:
    130
    Ratings:
    +565
  2. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Naah it is not a depression is it a national downscaling to bring our lifestyles into closer alignment with the rest of the globe so we can compete in the global marketplace.
    Just an adjustment...
     
  3. Tank
    Offline

    Tank Gold Member

    Joined:
    Apr 2, 2009
    Messages:
    13,931
    Thanks Received:
    1,759
    Trophy Points:
    245
    Ratings:
    +3,978
    It's all part of becoming a third world country
     
  4. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Nope just second world, which will become first world as all the first world countries downscale.
    It is all becoming relative in the global marketplace.
     
  5. Tank
    Offline

    Tank Gold Member

    Joined:
    Apr 2, 2009
    Messages:
    13,931
    Thanks Received:
    1,759
    Trophy Points:
    245
    Ratings:
    +3,978
    You can't have millions and millions of third world people envade your country and espect to not have this kind of change
     
  6. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Nor can you expect to compete with Chinese wages.
    That is a far bigger impact at this point than immigrants.
     
  7. Toronado3800
    Offline

    Toronado3800 VIP Member

    Joined:
    Nov 15, 2009
    Messages:
    3,572
    Thanks Received:
    274
    Trophy Points:
    85
    Ratings:
    +355
    We are returning to the mean and the mean is catching up to us.

    If only China would spend some money in pointless ways....
     
  8. Tank
    Offline

    Tank Gold Member

    Joined:
    Apr 2, 2009
    Messages:
    13,931
    Thanks Received:
    1,759
    Trophy Points:
    245
    Ratings:
    +3,978
    If only China would want "diversity" and make their population 30% or 40% black and Hispanic too.
     
    • Thank You! Thank You! x 1
  9. Toronado3800
    Offline

    Toronado3800 VIP Member

    Joined:
    Nov 15, 2009
    Messages:
    3,572
    Thanks Received:
    274
    Trophy Points:
    85
    Ratings:
    +355
    seems a bit too racist a statement for my taste
     
    • Thank You! Thank You! x 1
  10. georgephillip
    Offline

    georgephillip Gold Member Supporting Member

    Joined:
    Dec 27, 2009
    Messages:
    26,428
    Thanks Received:
    1,265
    Trophy Points:
    215
    Location:
    Los Angeles, California
    Ratings:
    +2,039
    "Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions.

    "Meanwhile, companies are flush: American firms generated $1.68 trillion in profit in the last quarter of 2010 alone. But many firms would think twice before putting their next factory or R&D center in the U.S. when they could put it in Brazil, China or India.

    "These emerging-market nations are churning out 70 million new middle-class workers and consumers every year. That's one reason unemployment is high and wages are constrained here at home.

    "This was true well before the recession and even before Obama arrived in office. From 2000 to 2007, the U.S. saw its weakest period of job creation since the Great Depression..."

    What U.S. Economic Recovery? Five Destructive Myths -- Printout -- TIME
     
    • Thank You! Thank You! x 1

Share This Page