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Depression - Event Date: December 29 2008 - February 01 2009

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Poll Question: Will this turn into a DEPRESSION?
Vote Poll Choice Votes Poll Statistics
39 [44.83%]
34 [39.08%]
8 [9.20%]
0 [0.00%]
6 [6.90%]

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Krys View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Krys Quote  Post ReplyReply Direct Link To This Post Calendar Event: Depression
    Posted: December 29 2008 at 8:25pm
What Do You Think?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: December 30 2008 at 3:21am
Voted yes. For the ones that are unemployed they are already into a depression. I think that we already have one foot in the door for the start of a depression and it may be worse than the one that we had back in the 30's.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: December 30 2008 at 5:18am
It is the 'D' word and there are many articles on how hard it was to get them to say the 'R' word. 

It’s a recession when your neighbor loses his job; it’s a depression when you lose your own. -Harry S Truman

The 20-Hour Workweek - The unemployment rate seems low. That’s because it’s not counting all those underemployed workers.

U.S. Jobless Rate Hits 14-Year High


I never gave them hell, I just tell the
truth and they think it's hell.
Truman, 1956

Valley girl expression - 'like where you are is where you are'.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote MelodyAtHome Quote  Post ReplyReply Direct Link To This Post Posted: December 30 2008 at 7:57pm
All the news I hear is that it is going to get MUCH MUCH MUCH worse. I do believe that in January we will know more when we see how many retail stores, restaraunts, other businesses close and lay off those thousands of people. Those that don't go bankrupt and close down will be cutting to the bear bones when it comes to their employees.
Maybe some manufacturing that don't go bankrupt may decide to go to Mexico, Brazil or somewhere else...who knows.
I do know it will get much worse before we see any light at the end of the tunnel. I think we are down here in the deep abyss for some time...and I am a very positive person by the way by nature...not a gloom and doom kind of person. It's very sad what will happen to sooo many families and those with children.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Kilt2 Quote  Post ReplyReply Direct Link To This Post Posted: January 01 2009 at 12:37am
no doubt in my mind
And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Penham Quote  Post ReplyReply Direct Link To This Post Posted: January 01 2009 at 10:14am
Doesn't the unemployment rate have to be much higher for it to be an "official" depression? Although I realize the unemployment rate they are reporting could not possibly be accurate, it has to be much higher, taking into consideration the people who have run out of benefits, or only have part time work that used to work full time. Of course, look how long we were in a recession before we were actually told it was "official". We were saying here in this board we were in a recession back in April of 2008 and just in the past month or so we have been "officially" told we are in a recession.  I think it has to get a bit worse before we are in an actual  depression. Of course, my husband and I both still have our jobs, I might think differently if one of us was laid off. However, I don't think we are far off from a depression.  Now that the holidays are over I think we will see some drastic changes.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Penham Quote  Post ReplyReply Direct Link To This Post Posted: January 01 2009 at 10:20am
We have the Post Office getting ready to layoff 40,000. That's what they reported in November, but I figured that wouldn't start until after the holidays, since they had all that extra mail and Christmas packages to deliver. I figure we are in for some rough times here coming up pretty quickly.  The stores will be looking to layoff people now that the holidays are over also, with less people buying, they will need less sales people. Although around here, our local news was reporting they never hired any "seasonal" workers this year, they just worked the people they had and gave them more hours. I think the worst is yet to come and I think it will be coming pretty quickly.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FluMom Quote  Post ReplyReply Direct Link To This Post Posted: January 01 2009 at 9:38pm
Don't know vote...because I believe the unemployment rate needs to be WAY higher and more people booted out of the homes they can't pay for.

Obama is going to put people back to work on road and schools. Please...very few people who are now out of work will benefit from rebuiding or building roads and schools in this country. The wealthy concrete companies who already have workers waiting to work and big construction companies who already have workers waiting to work will benefit. So that will take care of maybe .5 - 1% of the people unemployed. Banks, manufacturers, small business, restaurants, retail will not be hiring people back because we are building roads and schools.

This is all going to take time folks it will take 5 - 8 years before this gets back to better. Our politicians really messed this up really good loaning money for homes, cars and toys people could not pay for. Both Republicans and Democrats are a fault they all knew what they were doing and did not care...Politicians motto...live for today do not worry about tomorrow!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Truth Quote  Post ReplyReply Direct Link To This Post Posted: January 02 2009 at 7:03am
Though Flumom, I believe that Obama has more plans to getting people back to work than simply building roads and school, at least if you bother to listen to him. One Obama's big inititives is to build The Green Economy, meaning alternative sources of fuel that will make us A) no longer dependent of ME oil, B) Create millions of new jobs and C) help stop global warming. It would be a 3rd industrial revolution if it worked. Imagine making electric cars, cars that run on ethanol, solar cars (such as toyota is making now) and then doing the same with the way we heat our homes. This would be huge. And I know I will be ready to invest in the first big companies that are actually taking enthanol use to a new level.

Also consider the fact that Obama is willing to invest in areas previously shunned by the Bush administration, such as stem-cell research and biogenetics. This should create many jobs and much wealth. team this together with his more socialized programs such as roads, schools, and healthcare and we may be getting somewhere.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cgh18 Quote  Post ReplyReply Direct Link To This Post Posted: January 02 2009 at 7:40am
There are a few other things to consider in this recess/depression. People owe more money to credit holders and banks. The cost to live is much higher. There are fewer ways to earn money without punching a clock. There is no trade or barter system like in the old days. So things are tough all the way around with no end in sight.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FluMom Quote  Post ReplyReply Direct Link To This Post Posted: January 02 2009 at 6:41pm
Truth you know less about the "Green Economy" than you know about Politics! Alternative fuels, solar, are not jobs for the "regular" person, the people who are researching these green items are already hard at work doing this and throwing more money at this is not going to do anything for people out of work.

Ethanol is going to hurt the world food crisis...we DO NOT HAVE ENOUGH CORN! What you want people to starve for fuel and let us not forget it takes lots of water to produce ethanol another poor use of our resources.

I will not go into stem-cell because I am pro-life. However, for the "regular" person who has lost their job going Green, Roads and Schools will not bring this economy back. Time and only giving loans to people who can pay them back will solve this "Recession/Depression" not Obama's "feel good solutions".

What our Politicians have created with the "Bail Out of Banks" NOW the Auto Industry, Retailers, Steel Companies, Democrat Govs for their States want to be bailed out, hey why not Bugs Bunny too. If we got smart we would kick all the Congressmen and Senators out of office and start over with another crew and if they mess up kick them out and redo until we get people in government who will do a good job for the American People!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Truth Quote  Post ReplyReply Direct Link To This Post Posted: January 03 2009 at 5:04am
Nonsense, you havent proved that you know ANYTHING about politics! Really, the only thing youve stated is that you have friends high up in Washington and therefor you are in the know. And you want me/us to take you for your word without you telling us anything.

The so called Green Economy would put american people back to work. It would give blue collar and white collar jobs to their respected industries i.e auto, housing, construction, retail, etc. For example one in ten people are tied to the auto industry, now imagine if you kept that industry making electric cars, you would be keeping 10% of workforce.

And your diatribe about ethanol makes little sense. First of all ethanol is mainly derived from sugar cane and not corn. Or at least that's how it is in Brazil, which is the world's leading ethanol producer. BTW, in Brasil the use of anything has surpassed the use of oil and natural gas. And I am certainly not clear on what your problem is with water. Ethanol is another crop, sure we dont have enough crop land to have such a use of ethanol as Brazil does but the point is to use mixed alternative energies.

I am in favor of nuclear energy as a part the energy equation. It is by far the cleanist form of energy. The problem is where to store it.

I dont find Obama's approach to be "feel good". I see millions of jobs being created through this 3rd industrial revolution. You are just incredibly cynical and not knowledgeable enough to have a mature conversation with. Try, instead of telling us how important and connected you are, defending your views and maybe just maybe youll sound less like a hack.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Penham Quote  Post ReplyReply Direct Link To This Post Posted: January 03 2009 at 4:28pm
I did not vote for Obama, but if he is going to "create jobs", I would like to see jobs created in the energy field. In areas like wind farms, solar power and that type thing. What about training people to built these type power plants and build/remodel individual homes to run off solar energy. This would put alot of people to work, would help individuals with their energy bills, we would use less energy as a nation. I despise nuclear power, because of the nuclear waste attached to it. I would not like to see us go in this direction at all. I would fight to keep nuclear power "out of my backyard" as I did back in college, when we fought to keep Black Fox from being built near Tulsa, way back in the day.  I would like to be able to afford to convert to solar power in my home, but it is costly, upwards of $10,000 and the tax credits are very minimal, not worth the cost. I would love to be able to afford to go solar.  Of course solar won't work everywhere, but here where I live, it is sunny almost everyday. There is a wind farm less than 20 miles from me, but we need more.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FluMom Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 12:39am
Oooo Truth, the truth hurts. Ethanol is made from corn in this country and to produce Ethanol it takes much water...you have very little knowledge.   

Obama will not pull us out of this mess with his "feel good" ideas is my opinion and I have a right to my opinion. The small business person will do more for this economy than Obama. Penham is correct that Solar is too expensive and we are no where near a breakthrough on cost for solar. Wind farms will fair better than solar.

I also agree with Penham build Nuclear power plants just not near me!

Truth you had better get a thicker skin when you participate in this blog or you will always have hurt feelings and say not nice things.

Poor baby you better study before you make statements that ethanol in this country is made from sugar cane.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SouthTexas Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 12:49pm
Recession?  Depression?  In my small South Texas town you couldn't tell.  REstuarants are packed, supermarkets are busy, and even the manager of the local Wal Mart said Christmams sales were up thi year over last.
 
Until....
 
Yesterday I walked into the local chain lumber yard.  Four checkers with no customers.  Several sales people standing around.  Two of them even asked to assist me - a rarity here.  When I drove into the yard to pick up my lumber, there was no wait.  Usually 3 or 4 cars in line.  One of the four standing around yard boys came to me to get my lumber. order.  
 
Hummmm...a sample of what is to come?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote quickdraw Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 1:15pm
I voted yes because Obama is going to make everything worse.Jmo
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 2:43pm
The gov will probably come out with unemplolyment figures soon.  If they say it's at 10%, the real number is probably 20%.  Like all the other statistics flowing from gov central, the numbers are kinda "a little off center."
r we there yet?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Truth Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 3:21pm
Flumom,   I dont think Penham is for nuclear power whether its in his backyard or in yours, read his blurb again. And I didnt make a mistake saying that ethanol is mainly derived from sugar cane, that's how it is in 90% of the world. The fact that the US has mainly used the approach of the laborious undertaking of converting corn to ethanol is more a problem with the various corn growers lobbies and associations than it is with a sound and intelligent strategy- you do realize that this is not the case in the up an coming production areas such as Florida and California?

The reason, flumom, that its called an *economy* is that everything is incorporated in it and by it. Its not simply throwing up a few solar panels and growing soy it entails a completely new direction and all-encompassing change of living, of how we do things, of INDUSTRY! And yes, that should brings millions of new jobs if done the right way.

The thing about our situation now is that we almost have to do make these changes.   As good old TJ said "Invention is the birth child of necessity".

We can no longer depend on foreign oil for one or will find ourselves involved in more ME wars and be at the every whim from speculators at OPEC. Our markets will continue fluctuating with every dubious word that's muttered from Mahmoud Ahmadinejad or every rocket that flies from Gaze to Israel. We are no longer in control. We no longer have a solid industrial base as our car companies cant compete with foreign companies and everything else is being sent abroad to the BRIC to be manafactured (Brasil, Russia, India and China) and finally whether you believe it or not most scientist and experts and simple every day empiricist (like myself) acknowledge Global Warming and the fact that is we dont turn thing around this planet will be in serious peril. So for all these reasons a green economy is a good economy and anyone who has listened to Obama's domestic policy knows that at least in his words he is serious about building one.

And notice I say "in his words" because how do I know if he will actually follow through with his policies. You on the other hand have not given the man the benifit of the doubt. You have judged him before he's even been sworn in. Youre a true hater. Dont be a player hater flumom.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FluMom Quote  Post ReplyReply Direct Link To This Post Posted: January 04 2009 at 4:01pm
Obama does not deserve the benefit of the doubt because he has no experience as a leader and he is taking his marching orders from the "group" who helped get him elected. I have judged no one and I hate no one that takes way too much energy. I would say that you Truth have a real problem of judging and hating not me. Are you one of those "Angry Democrats"?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote purplepanther Quote  Post ReplyReply Direct Link To This Post Posted: January 09 2009 at 12:13pm

i work at McDonalds we seem to be always busy;Walmart is busy ,the dollar stores but I guess it is just depends where you are working at. i think McDonalds,Walmart and the dollar stores maybe the last ones hit hard  but it seems that more people are buying the dollar items more at McDonalds

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