53% Believe a 1930s-style Depression is Likely

[Toro]

Most Americans (53%) now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years.

The latest Rasmussen Reports national telephone survey found that 39% think this outcome is unlikely.

Nineteen percent (19%) say a Depression is Very Likely while 7% say it is not at all likely.

The latest results are more pessimistic than those found in early January, when 44% said a 1930’s-like depression was likely in the next few years, and 46% disagreed.

In March 2008, only 38% of adults said the country is likely to slip into a depression, while most (55%) disagreed.

Rasmussen Reports™: The Most Comprehensive Public Opinion Data Anywhere

I'm with the 47% who say no.

 

[Midnight Marauder]

53% Believe a 1930s-style Depression is Likely

Most likely because they have zero clue what that entails.

 

[manu1959]

is this the same 53% that didn't know who bill ayers was......

 

[wimpy77]

53% Believe a 1930s-style Depression is Likely

Most likely because they have zero clue what that entails.

you are correct and im with toro i don't think it will happen

 

[Annie]

I'm feeling more optimistic that the 53% are wrong. Not just 4 days of positives, but I've noticed more cars and trucks on the road again during rush hour. Oh the good and bad of anything.

 

[elvis]

I'm feeling more optimistic that the 53% are wrong. Not just 4 days of positives, but I've noticed more cars and trucks on the road again during rush hour. Oh the good and bad of anything.

speaking of highways, did they ever get blago's name off the open road tolling booths?

 

[Annie]

I'm feeling more optimistic that the 53% are wrong. Not just 4 days of positives, but I've noticed more cars and trucks on the road again during rush hour. Oh the good and bad of anything.

speaking of highways, did they ever get blago's name off the open road tolling booths?

Why yes they did, at least any I've seen. My guess is Quinn & Co. hope that all the tools will forget this ever happened, why with trying to pay our taxes and all. I seriously must get out of this state!

 

[wimpy77]

I'm feeling more optimistic that the 53% are wrong. Not just 4 days of positives, but I've noticed more cars and trucks on the road again during rush hour. Oh the good and bad of anything.

i work in a casino in mississippi and we are getting way more than we were let's say from september to december. in january and february we made more money than atlantic city.

 

[auditor0007]

Most Americans (53%) now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years.

The latest Rasmussen Reports national telephone survey found that 39% think this outcome is unlikely.

Nineteen percent (19%) say a Depression is Very Likely while 7% say it is not at all likely.

The latest results are more pessimistic than those found in early January, when 44% said a 1930’s-like depression was likely in the next few years, and 46% disagreed.

In March 2008, only 38% of adults said the country is likely to slip into a depression, while most (55%) disagreed.

Rasmussen Reports™: The Most Comprehensive Public Opinion Data Anywhere

I'm with the 47% who say no.

I doubt that there is anyone here who lived through the Great Depression. Those who have have already stated that this is nothing like the Great Depression, nor is it likely to get anywhere close to being that bad.

We do have many more safety nets in place today than we did back then. The question now is whether we are going too far with those safety nets.

 

[Skull Pilot]

It's no surprise that almost the exact same percentage that voted for Obama believe that we are or will be in a depression worst than that of the 30's is it?

Peggy Noonan had a relevant piece in the WSJ.

There's No Pill for This Kind of Depression - WSJ.com

 

[editec]

When you're pushed close the edge of the precipise, as I am sure many American now are, and you've already seen so many of your neighbors fall off the edge of that fiscal abyss, it's likely that you'regoing to be more fearful of the future than those not standing so close to that edge.

60% of American are basically poor.

We pretend that these families which basically living from paycheck to paycheck -- families for whom one minor unexpected bill can spell disaster -- are middle class, but they surely are not.

They are POOR, by any sane measure of what that word actually means.

Most American families are, as my mother would have said it:

LIVING FROM HAND TO MOUTH​

Subsistence farming peasants in third world nation, who have a good crop, and who can put away enough food to last til the next growing SEASON, are actually more AFFLUENT than most American families are today.​

If you did a spread sheet of most American families and you tallied up their assets V their libabilities?​

They have a NEGATIVE net worth.​

That's poverty folks.​

I dont' give a shit what kind of cars they're driving or how big their house are, or how well educated they are, either.​

If one's net worth is less than ZERO, one is basically nothing but a member of the working poor class which is, FYI, about 60% of the American population.​

Maybe more... now that our homes have lost market value.​

 

[Skull Pilot]

When you're pushed close the edge of the precipise, as I am sure many American now are, and you've already seen so many of your neighbors fall off the edge of that fiscal abyss, it's likely that you'regoing to be more fearful of the future than those not standing so close to that edge.

60% of American are basically poor.

We pretend that these families which basically living from paycheck to paycheck -- families for whom one minor unexpected bill can spell disaster -- are middle class, but they surely are not.

They are POOR, by any sane measure of what that word actually means.

Most American families are, as my mother would have said it:

LIVING FROM HAND TO MOUTH​

Subsistence farming peasants in third world nation, who have a good crop, and who can put away enough food to last til the next growing SEASON, are actually more AFFLUENT than most American families are today.​

If you did a spread sheet of most American families and you tallied up their assets V their libabilities?​

They have a NEGATIVE net worth.​

That's poverty folks.​

I dont' give a shit what kind of cars they're driving or how big their house are, or how well educated they are, either.​

If one's net worth is less than ZERO, one is basically nothing but a member of the working poor class which is, FYI, about 60% of the American population.​

Maybe more... now that our homes have lost market value.​

And with all that in mind, we have a government that would rather promote spending than saving.

Taxing interest on savings accounts as regular income is one of the worst tax policies we have.

The government has a vested interest in you not saving but no one sees that. The less you save, the more you need a larger more powerful government and the larger the need for our tax dollars.

People are finally doing the right thing by paying down debt and saving more and the government would have you think it's a bad thing.

If there ever was a politician who would stand up and say to the American people that saving should be their first priority, that no one should buy anything other than the most basic of necessities until they are out of debt, with the exception possibly of a mortgage, and have at least 0ne year's gross income saved, I would actually volunteer my time for that person.

But it seems my spare time will be my own as there will never be such a politician.

 

[Toro]

Most Americans (53%) now think the United States is at least somewhat likely to enter a 1930’s-like depression within the next few years.

The latest Rasmussen Reports national telephone survey found that 39% think this outcome is unlikely.

Nineteen percent (19%) say a Depression is Very Likely while 7% say it is not at all likely.

The latest results are more pessimistic than those found in early January, when 44% said a 1930’s-like depression was likely in the next few years, and 46% disagreed.

In March 2008, only 38% of adults said the country is likely to slip into a depression, while most (55%) disagreed.

Rasmussen Reports™: The Most Comprehensive Public Opinion Data Anywhere

I'm with the 47% who say no.

I doubt that there is anyone here who lived through the Great Depression. Those who have have already stated that this is nothing like the Great Depression, nor is it likely to get anywhere close to being that bad.

We do have many more safety nets in place today than we did back then. The question now is whether we are going too far with those safety nets.

I've always thought that even though the causes of this recession/depression are closest to the 1930s, the severity of it would be similar to the early-80s. Nothing I have seen has changed my mind.

 

[Neubarth]

Thirty percent of the country is already in serious DEPRESSION, and economic conditions continue to plummet.

 

[Paulie]

If there ever was a politician who would stand up and say to the American people that saving should be their first priority, that no one should buy anything other than the most basic of necessities until they are out of debt, with the exception possibly of a mortgage, and have at least 0ne year's gross income saved, I would actually volunteer my time for that person.

But it seems my spare time will be my own as there will never be such a politician.

Come on Skull, you know of at least one that got a LOT of grassroots attention: Ron Paul. And Chuck Baldwin who ran on the Constitution Party ticket was very similar. I donated most of my time during my child's first year of life to Paul's campaign. I missed a lot of his first year and I'd do it all again if given the opportunity.

 

[DavidS]

Thirty percent of the country is already in serious DEPRESSION, and economic conditions continue to plummet.

link?

 

[wimpy77]

Thirty percent of the country is already in serious DEPRESSION, and economic conditions continue to plummet.

link?

he has none.

 

[Toro]

Thirty percent of the country is already in serious DEPRESSION, and economic conditions continue to plummet.

link?

he has none.

I don't think that's unreasonable.