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Does anyone think our economy is reliving the Great Depression right now?

I think so, cause I keep hearing about a rising unemployment rate. Where I work at, our sales are tragically low, probably due to high gas prices. I hear a commercial on the radio everyday about rising food prices and higher costs of living and credit card debt. So, what's anyone else's 3 cents on this? Is it as bad as I think it is?

Asked By: Adam Lambert Fan - 6/16/2008
Best Answer - Chosen by Asker
Not even remotely - our period now more closely resembles 1991-92 (which I remember being rough, but we managed... More
Answered By: Veritatum17 - 6/16/2008
Additional Answers (4)
The easiest way to look at a countries finances is the currency exchange. Right now people are not paying good money for the dollar. This country is in trouble. You better start saving, clearing your debt and keeping your job it's going to get rough.
Answered By: english_sweetie2001 - 6/16/2008
 
I feel we are very near to that point again. When people have to choose what medicines they have to fill and what they may be able to do without just to afford one, things have gone way to far.
Answered By: Card Fan - 6/16/2008
 
Industrial and technical economics preclude a Great Depression. Advances in information management enable analysis of models of catastrophic events. Resource availability and transportation technologies facilitate immediate and timely response to stagnant elements which are the identifiable causal factors of... More
Answered By: Clayton J - 6/16/2008
 
We have to start bringing jobs back into the country. Everything we buy now is made out of the country. The economy is scary right now. The government wastes our money........billions of our tax dollars leave the country in the form of foreign aid to help other people. Nasa is another example of waste....billions is... More
Answered By: bumblebee - 6/16/2008
 
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