United States Heading towards a Depression?

As an Aussie I can say it's a great time for us to be buying American goods and I've bought more goods from there recently than ever before. We used to get about 65c-75c US to our dollar, now we get $1.05 so your goods are nice and cheap atm, for us anyway.

 

Is the US headed towards a depression? Lets think about it.

Oil over $112 a barrel - check
Food prices skyrocketing - check
Federal Government shutting down for refusal to trim even 1.5% from the budget they doubled just a little over a year ago - check
Housing market still plummeting - check
Private sector jobs still not being created at a pace exceeding the entry of new workers into the work force - check
Wage stagnation - check
Union workers pulling sick outs to coerce more government spending on their already overladen compensation packages - check
Plummeting dollar(as Bushranger points out) - check

Yeh, I'd say it looks like trouble. Thank god the president is having a nice getaway weekend in Williamsburg, where his wife can do some high end shopping. What else does one do after deciding to bomb a foreign nation without the approval of congress? I personally love the idea of his getaway. He needs to be well rested to deal with so many problems. He's setup a no-fly zone over Williamsburg to assure he is undisturbed. Lets hope this no-fly zone is more successful and less costly than the one he set up over Libya.

 

The Depression was averted in June 09 - digging out of the "Great Recession" is the task at hand and with the evenings announcement one step further in its accomplishment.

Certainly the list above is cumbersome but in reality are cyclical events within the framework of managing the US and Global economies that in the long run benefit themselves by their eventual corrections.

 

Yeah you are right but if the people over there would not act properly and waste time & money than obviously no one could help this kind of country..

 

Breeze, 2009 was one of our most profitable and highest sales years in our 14 year history. The current and very real economic situation right now, is much worse. We now have more debt, higher gas prices, higher food costs, a higher deficit, and instead of a lowered debt and deficit post 2009, we add to it at twice the amount it was in 2009 every 2 months.

 

Everyone is sympathetic for the present and past conditions stemming from the Republican Recession of 07-09, as GDP has increased since July of 09 we are not in a recession but a recovery.

The severity of the Republican Recession is the consequences expressed in your post - have faith, the present Administration has the solutions and is working for their implementation.

 

Echoing the Obama mantra of faith based governance. Perhaps they will be opening centers of worship at some point in the near future?

I got a newsflash for you Breeze. All the faith, wishing, and praying in the world is not going to lower the debt by increasing the size of the federal budget. You might as well have faith that gravity will not apply to you as you jump off the roof of your house.

 

?????...Who said anything about increasing the federal budget / deficit as unnecessary, spoken by those who drove the nation into the ground as an elixir for their own imprudence.

 

You did, when you said, "Have faith, the present administration has the solutions". I hate to point out the obvious, but the people increasing the size of the federal budget are the present administration. The people fighting tooth and nail to prevent reductions to the federal budget are the present administration.

You might be able to sell the public on faith prior to an election, but two years after the fact, we no longer need faith. We have concrete evidence of exactly what these people will do while in power.

 

To end the Republican Recession and prevent a protracted Depression the Administration and Federal Reserve took the necessary steps in subduing the economic catastrophe of the previous Administration and since June of 09 have been fostering the ensuing Recovery by the most prudent policies possible and have maintained positive GDP since that time.

There is no Recession and for that the possibility for a Depression does not exist due to the remarkable response and policies of the present Administration. History is not without ts faults for the recognition of perilous events but the fact is a repeat of the 1930s Great Depression has been averted and the nation will recover for the betterment of all its citizens in time than only for a selected few.

 

Thankfully I and most of the people reading this thread do not believe this utter CRAP. You do not, repeat NOT get out of debt by increasing spending... If the United States was run as a corporation, it would have been declared bankrupt and its possessions sold to pay its debts... WAIT !....


Faith ? Bwwaaaahhhhaaahaha...

 

I took his last post and translated it to Spanish then back to English to see if it would clarify what he wrote.

 

You are really quite delusional. 07-09 compared to today are looking really good right now. And that period was the recovery... Instead, we've double dipped it kiddo, and the worst is yet to come.

 

Here are some results of the failure of the US Economic system : LINK

 

With the America Rating now dropped to AA from AAA rating it means higher interest rate on our debt.The liberal now act like no big deal
when in fact it a major trouble.This while our President Obama give billions to Columbia for refineries but would Not do a thing for America refineries. Obama gives more billions to Brazil for off shore drilling yet again limits America from drilling for oil.It clear this President wants global world to have have more and more $$$ all the while we in the USA suffer from high unemployment ,high food price and high gas prices.Liberal like Obama do not really care from America. They only care for their liberal ideas of Damn America full speed ahead on Americas destruction.Even the poor are suffering greatly under this Liberal President and they will suffer more as we all will.Our very lives are lessen by this Great Debt America owes .

 

Not quite: The AAA rating remains but with a negative potential for downgrade - your post might explain the downgrade potential as only one of the myriad of deficiencies caused by the Republican Recession of 07-09.

 

That is hilarious!

Breeze, you know that no one believes anything you write, right?

 

Breeze Wood is absolutely liberal BS ... I bet Breeze blame everyone else in his life but himself.Just like Blaming GOP for Obama policy.How come you Breeze and other liberal like you blamed Bush for his high gas prices,called him the oil president .NOW you give Obama a free pass at 14 trillion debt and high gas prices and Now High Food prices. That Liberal stupid !!! By the way the housing credit Crash was because of Fanny Mae and Freddie Mac default !! 2004 GOP warned the Dems in control of Fanny Mae and Freddie Mac soon to fail.DEms reply "
Maxine Waters: “We do not have a crisis at Freddie Mac and particularly Fannie Mae under the outstanding leadership of Frank Raines”
http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=player_embedded

 

Wow.. First he denies the credit rating downgrade and warnings and then blames what he denies on Bush..

What a tool.

 

No wonder they are so mentally incompetent - they read as what they want to believe.

No dane, affordable housing for the poor was not the cause for the nations ills and the denial by Republicans for its necessity was the proper objections by the Democrats.

Even after the R Rec. 07-09 this nation remains 1 of 3 rated AAA - prey your incompetence for its downgrade, so desperate are you to win an election.