Usa is heading towards a recession?

[Benawolnow]

Is U.S.A heading towards a recession because president Bush gave our tax dollars back like the 600 dollars for adult and 300 for children thing. He wants us to take the money and spending it causing the value of our dollar to rise and also stop the growing recession. Do you guys think this is true? Why or why not?

[PlagueZXS]

It will not raise the value of the dollar if anything it will cause inflation and lower the value, but that is only if he is putting more money into our economy to circulate. Our history teacher has actually been telling us how it doesn't look so unlikely that in 2008 we could have another economic depression mainly due to all the debts our country likes to continually incur. Basically i don't think this is true and don't see how it is doing anything besides making the simpletons happy because the government is giving them back more money.

[Ceraas]

The United States isn't heading for a recession. We're IN a recession. While the steps were erected to prevent another 1929, it won't stop the failing of banks, increasing foreclosures, decreasing credit and dollar value. There's no real question about it. Just look at any available economically-sound website. They're all saying the same thing.

[Benawolnow]

It might raise the price of our dollar it will check it out for yourself.

[IcHiNaRu]

I think where in a recession. That oil cost like 140 per barrel and too much people is using there little card XD I think

[Jakku]

Dont worry, the UK is in a brink of recession too.
Sucks tbh.

[kingmarx]

well the avarage US ressesion last about 11 month, second it is not nearly as bad as the 1929 and it is probably due to bad leadership in the coutnry comming to a conclusion ( mainly expecualtion of is what drives the economy)
Ironically Oil is 140 becasue the power wants that way ( a lot more money for them ) and the gov't is taking no steps to regulate thespeculation on oil. Regardless i do not think it going to be a bad ressession and by this time next year pit will probably be over ( 0nce Obama wins )

[hoboX10]

U.S. = Deja-Vu of the Roman Empire. This is why I'm moving to Japan.

[Redskin350]

*takes a deep breath*

Currently the U.S is in a slow recession right now as bush is in office he is currently doing everything in his power to slow the recession and not make it as bad as it could be by giving you a stimulus package this will make the stop market go up and down like normally but in a downward trend. As for Barack Obama being the next president stopping this recession you are wrong sorry for bursting your bubble of belief but with the damage that president bush has done with the country putting us in severe debt and literally killing our currency the best thing for Barack Obama to do is to essentially kill the stock market as fast as he can and by kill I mean let the stock market tank so it will rise up again by sending out tax breaks and denying the inevitable will only make things worse for the country. As for this recession dont be surprised if it lasts for 8-16 years of just a downward trend until it hits rock bottom and we start to see it pick up again. This recession will easily be as bad as the 1929 one but you wont see people in the streets begging for food because we kinda evolved as a species and aren't retarded and oblivious to the world and the government will also give you free stuff so dont start crying now...=.=" umm in short its kinda like bush is pulling back an crossbow and the more tax money he "gives back" the farther he is pulling the string and when he leaves that arrow will hit the economy which is why I will predict that when Obama is in office the stock market will tank and the news will swarm all over it like they love to hate on Obama but dont believe the hype ^_^

As for oil i saw it mentioned in a post but oil will be very expensive and dont blame the government for your crappy oil prices I wont be surprised to see oil hits 6-7 dollar a gallon which in europe I believe already hit that mark a while ago...AMERICANS WE ARE GETTING GOOD OIL PRICES RIGHT NOW FILL UP YOUR TANK INSTEAD OF WHINING ABOUT OIL USED TO BE 99 CENTS STOP LOOKING TO THE PAST =.=

[Silverstone]

Bush doesn't realize that by throwing money at our money problem, it'll only get worse.

Bush didn't realize that most people used the stimulus check to pay off SOME of their debt, meaning they're still in debt and the money was not put to good use.

We are in a recession, yes. The American dollar is beginning to become worthless. Might we hit a depression? It'd be interesting... But it'd suck

[XxDeathAngelxX]

the USA is gonna go into depression. Tons of people have already lost their jobs and are in debt. most college students are in debt, poor people are in debt. its going to end up: you either are poor or rich no middle class.

[karek]

I love paranoia spread by uninformed media reporting, It's nice to see that the Killer Bees of 2008 is economic chaos™.

Seriously guys, it's not that bad, so things aren't increasing this year like they have been since 2000, we're not even close to what it was like even 20 years ago.

That being said, America won't fall, China can't let that happen, the EU can't let that happen, etc. If America falls due to a massive economic depression it'll be worse pretty much everywhere else considering we're so interactive with every other member of the world economic market, they won't let it happen because they can't survive it.

[Redskin350]

Originally Posted by karek

I love paranoia spread by uninformed media reporting, It's nice to see that the Killer Bees of 2008 is economic chaos™.

Seriously guys, it's not that bad, so things aren't increasing this year like they have been since 2000, we're not even close to what it was like even 20 years ago.

That being said, America won't fall, China can't let that happen, the EU can't let that happen, etc. If America falls due to a massive economic depression it'll be worse pretty much everywhere else considering we're so interactive with every other member of the world economic market, they won't let it happen because they can't survive it.

your wrong in so many ways....first of all you need to understand America is a consuming nation we are like the worlds trash can and China is the producer hence everything made in China. China really could give a sh1t about America if America was to fall China would easily open more of their trades to other countries that's economy is growing rapidly such as India. As for the euro their currency is top notch because not only is the Europe currency the most powerful and their GDP is always high. Sorry to kill your thinking but if America falls the foreign countries get STRONGER...we are not the economic powerhouse the media portrays us and the whole world doesn't really need us haha

[TakKi]

↑
You don't think America's economy effects the rest of the world at all?

[IcHiNaRu]

I dont think there is going to be a depression. The market thingy is trying to stop it =] But we might you never know.