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The New Great Depression, is it coming? How worried are you and how bad do you think it will get?

Changes on a global scale are happening at an alarming rate. Most of the people that I have acquaintance with seem to be in denial. Specifically and realistically what do you think is in store for America and how do you think it will personally affect your life? Have you made any preparations? Please do not answer with political bias, just the facts and what you think is really going to happen.

Asked By: Captain America - 2/16/2009
Best Answer - Chosen by Asker
We as a country will have to go through some really tough times, we are in deep right now, and even with the best efforts, it will take time to dig ourselves out. More and more white collar workers are becoming homeless,the safety nets set in place are buckling because of lost jobs, lost homes, lack of medical care... More
Answered By: HereIAm - 2/16/2009
Additional Answers (4)
The New Great Depression might come if the change that Obama wanted will not happen.
Answered By: FRAGINAL-NOYPI - 2/16/2009
 
580,000 jobs were lost last month. If theres one thing history teaches us is that things will get worse before they become better. "Its a recesion if your neighbor looses his job, its depression if you loose your job."-anonymous
Source(s):
Answered By: Jose S - 2/16/2009
 
If its new and great then I don't get what's so bad about it. : {
Source(s):
Answered By: Dr. Rudolph Luda Stine - 2/16/2009
 
The great depression was a far worse financial situation than we are in right now, and there were many more factors leading to it. You had bank failures, which we have now yes, but then banks were not insured, so many people lost all their money through that. You also had widespread droughts that killed crops and... More
Answered By: Jeremy I - 2/16/2009
 
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