Posted on 06/07/2022 4:10:18 PM PDT by blam
A majority of Americans said they believe the U.S. is headed for another Great Depression, according to the latest Rasmussen survey.
A total of 55% of respondents said another 1930s-like depression was likely over the next few years — the highest finding since 2009, Rasmussen Reports said.
Of that total, 25% said they thought another depression was very likely.
The Rasmussen survey found that 34% don't think another depression was likely, and 11% were not sure.
The survey of 1,000 adults was conducted May 11-12.
Transportation Secretary Pete Buttigieg on Sunday said the U.S. faced the "very real risk of recession if not depression" in the first year of President Joe Biden's term.
"There was a very real risk of recession if not depression, and an American rescue plan has made enormous differences in communities across the country," Buttigieg told ABC News.
Based on the Rasmussen survey, not everyone agreed with Buttigieg.
Only 28% of respondents said they think the stock market will be higher a year from now — 33% said it will be lower. Another 20% said they expected the stock market to be about the same, while another 19% were not sure.
Republicans (48%) more than Democrats (24%) or unaffiliated Americans (30%) said they believed the stock market will be lower a year from now.
Republicans (71%) also were more likely to think another Great Depression was likely in the next few years. Only 42% of Democrats and 54% of the unaffiliated agreed.
Asked whether today's children will be better off than their parents, only 20% said they will be — a decline from 28% in 2018.
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(Excerpt) Read more at newsmax.com ...
But, but, just a few days ago Biden gave a speech saying everything was fine and we are in great shape.
“It’s a recession when your neighbor loses his job.
It’s a depression when you lose your job.” - Ronald Reagan
For me the Great Recession lasted from 2007-2016.
Even the Great Depression wasn’t that bad. It was a double dip recession. Things got better for a few years there in the mid 30s. The Great Recession didn’t affect some very much but absolutely crushed others.
I had a very rough patch from 1996-2004.
It all worked out quite a bit better.
Imagine the world political & economic scene in the 1930’s and mix in nuclear weapons?
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