Posted on 10/06/2011 6:11:30 AM PDT by Diana in Wisconsin
A Quinnipiac University Poll released this morning shows that 77 percent of Americans believes the nation is in a recession right now — and 44 percent of Americans believe the economy will only get worse, compared to just 11 percent who believe it will get better.
Making matters worse, both of those numbers are near the all-time highs hit in the immediate aftermath of the financial crisis.
(Excerpt) Read more at businessinsider.com ...
Interesting - very small Rep. and Ind. sampling vs. Dem.
They will stick up for the obummer, no matter that black unemployment is double of the US average.
Stupid is as stupid does.
So much for Obomas trillion dollar summer of recovery. What a fraud.
Give Obama and the rest of his “can’t do anything else but work for the government” fools another year, and the descriptor of the economy will change form a “R” to a “D”.
Obomas campaign slogan should be “Going Nowhere - 2012”
My personal economy improved but I still think America has yet to see the worst of what is to come. too many formerly minor inconveniences are starting to add up to big trouble and unsustainable patterns. I don’t think we can vote our way out of it entirely either.
The economic situation in 1920 was grim. That year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent.
Instead of "fiscal stimulus," Harding cut the government's budget nearly in half between 1920 and 1922. Tax rates were slashed for all income groups. The national debt was reduced by one-third.
The depression on 1920 was over within a year. (This is what lead to the roaring '20's.)
The depression was so short because of the fiscal policies of Harding, most people are unaware of it ever happening.
The depression of the 1930's took a different path. Franklin D Roosevelt did the opposite, and the American people were trapped in a devastating depression for over 10 years.
The outcome of our current recession (depression) depends on who takes over Washington in 2012. If the left wins, a lot of people are going to die that normally wouldn't have to. If a TEA party supporter wins, the country has a chance.
What is so hard abou “until the stock market is back above its high in 2008 (14198.1 Dow Jones industrial average), weare in a DEPRESSION!
Seriously, they think we are stupid.
How about “Help me go nowhere! 2012”
Well, then, if American believe it to be so, it must be true.
in 1920, we didn’t have trillions of dollars worth of social security and medicare obligations nor did we have a 15 trillion dollar debt nor did we have two wars to pay for nor did we have an utter dependence on foreign oil and foreign debt. cutting spending is a good place to start but turning this ship around won’t be easy and it probably won’t happen in 1 four year presidential term IMHO.
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