joshuaodonnell

2009 Depression Will Be Nothing Like 1929

How can we be in a full blow depression if more than 90% of the population still has a job? How can we be in a depression if we haven't had 6 consecutive quarters of negative GDP growth?

You need these things to technically call it a depression. It does however feel depressionalry when so many are losing homes, businesses and jobs, but 1 thing we all need to understand: No matter what is actually happening right now, the majority of the population has a job and a home/ or rent...

Gotta look at the technicals to determine whether or not we are in depression or not. Technically, We are NOT. Emotionally, we are. These are two different things.

One Scary Unemployment Chart

ah, this is nothing. We can easily see 25% unemployment...if the auto industry fails, will easily go into double digits.... and will certaintly go up higher if the Obama stimulus does not work..which the republicans really do believe wont work...

Why is it that the republicans are completely againist this? what happens if it does work? that will make the republicans look really bad. but, if it doesn't work, Obama is finished, because there is now way they will put another trillion dollars on the table, which congress can vote on. Wont happen

2008: Ten Unforgettable Days

Crazy year finally comes to an end..... Now we get to look forward to(instead of 2 wars, 3). Unemployment continuing to worsen, banks still not lending and widespread famine across the globe.

A depression is still on the table as long as unemployment continues to worsen.

The most memorable experience of 2008: (besides an American olymipic athlete winning more gold medals than anyone in history) would have to be the government sell out of taxpayers..... the TARP, and the autobailout that the taxpayers are paying for. It just proves to us that our own government could care less what happens to the taxpayer in America

thats pretty much it.
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Preventing the Depression of 2009

No matter what happens, they need to get a grab on unemployment. If we continue losing jobs at the rate we are, then we will go into a depression, no matter what the government or the market does. If unemployment gets worse, the economy will get worse over the longer term. Dont complicate things!! Its really simple: NO JOBS= NO SPENDING= NO BUSINESSES= nothing.... bread lines....like 29'. Once we get jobs going, we get businesses going, then we can start paying back the trillions of dollars of debt. yey!

The market is not the real economy!! The real economy is jobs, health care, homes, etc.... Companies are not stocks. Stocks are not companies. People need to really understand this fully before talking..

Preventing the Depression of 2009

No matter what happens, they need to get a grab on unemployment. If we continue losing jobs at the rate we are, then we will go into a depression, no matter what the government or the market does. If unemployment gets worse, the economy will get worse over the longer term. Dont complicate things!! Its really simple: NO JOBS= NO SPENDING= NO BUSINESSES= nothing.... bread lines....like 29'. Once we get jobs going, we get businesses going, then we can start paying back the trillions of dollars of debt. yey!

The market is not the real economy!! The real economy is jobs, health care, homes, etc.... Companies are not stocks. Stocks are not companies. People need to really understand this fully before talking..