poll: 60% say depression likely

[Ferocious]

Wow. I guess there's a tremendous amount of fear out there.

I am one of the 40% that do not think this is likely. However I wouldn't bet the farm on it....or my house....or my portfolio.


gloomy outlook

 

[JS80]

Poll: 95% don't know what a depression is, not to mention what a recession is.

 

[NoStateofMind]

but .....but......the bailout.....

 

[techs]

I've been depressed since Bush took office.

 

[LegendKiller]

Originally posted by: PC Surgeon
but .....but......the bailout.....

Last time I checked the rescue didn't come with a subsidy for nationwide anti-depressant medication. Who knows, they loaded a lot of pork into it anyway.

The rescue can't stop a self-fulfilling prophecy.

 

[ranmaniac]

Beer and anti-depressants should do well.

 

[MovingTarget]

Originally posted by: JS80
Poll: 95% don't know what a depression is, not to mention what a recession is.

Do they know about the technical definition? Probably not. Should they care? I don't really think so. There are plenty of people around who were around during the last big one. There are even more who grew up listening to stories of how hard life was for their parents during that same time.

You could argue the same thing about the recession. We haven't met the technical economists' definition of one (yet), but to the average person, that definition doesn't amount to anything. The economic pain/hardship that is felt transcends the numbers at the top.

 

[nixium]

If they had passed the bailout the first time it was debated, would it have helped, indirectly, by calming the now stampeding spooked investors?

 

[MovingTarget]

Originally posted by: nixium
If they had passed the bailout the first time it was debated, would it have helped, indirectly, by calming the now stampeding spooked investors?

What does that say about the current mode of operation for the stock market? I'd wager that it is based more off of feeling and herd mentality than solid facts and financial prudence. Sure, it would've helped, but we wouldn't be in this mess if something wasn't already fundamentally wrong with our investment/credit system.

Originally posted by: ranmaniac
Beer and anti-depressants should do well.

Time to stock up!

 

[GTKeeper]

Originally posted by: PC Surgeon
but .....but......the bailout.....

Recession is inevitable. No bailout means worse than that.

 

[Wheezer]

Originally posted by: JS80
Poll: 95% don't know what a depression is, not to mention what a recession is.

exactly...of this 60% how many are going to stop gorging themselves in McDonald's cheese burgers and fries.....maybe 5%?


that 60% think a "depression" is when they have to order a small fry instead of a large.

when fast food joints go under....then there is a problem.

 

[ultra laser]

Originally posted by: ranmaniac
Beer and anti-depressants should do well.

That combination would do well to damage your liver.

 

[XMan]

My grandpa once said that "roof rabbit" . . . err, cat, tasted like chicken.

Just an FYI for when times get tough.

 

[quest55720]

I blame the MSM for pushing fear to get Obama elected. The more fear the bigger Obama will win. The MSM is out there pushing for the case it is the end of the world. The second their hero Obama is elected the tone will change. It will be about how great things are now ect. The MSM will single handedly get Obama elected in a landslide.

 

[DisgruntledVirus]

This just in..... Breaking news....

90% of americans are fucking stupid

 

[LegendKiller]

Originally posted by: quest55720
I blame the MSM for pushing fear to get Obama elected. The more fear the bigger Obama will win. The MSM is out there pushing for the case it is the end of the world. The second their hero Obama is elected the tone will change. It will be about how great things are now ect. The MSM will single handedly get Obama elected in a landslide.

If you knew what was going on in the credit market and understood the ramifications you wouldn't think it was just "fear".

Do you know what LIBOR at 7% means? ABCP at 9%? Securitization market 1/3 of what it was last year and ABCP outstanding falling 50%?

It basically means that the vast majority of companies, consumer or commercial, good or bad, rightfully or not, is getting funding in any meaningful manner. If they are, it's at *VERY* high interest rates. High enough that they will cut back on spending, projects, and funding themselves, which leads to further contraction of the economy.

This is why bank stocks weren't hit as much today while core consumer goods products were hit far more. Citi didn't even get close to touching 52 week lows, nor Goldman, yet AAPL did. Why?

People are finally waking up to the fact that this *WILL* permeate down to the *EVERYBODY* one way or another.

TARP can mitigate the damage, but that depends on timliness, effectiveness, and overall bank and thus, consumer, responsiveness.

That isn't fear, it is reality.

 

[Jaskalas]

Originally posted by: GTKeeper

Originally posted by: PC Surgeon
but .....but......the bailout.....

Recession is inevitable. No bailout means worse than that.

Doesn't saving the bad/failed companies literally mean that we have cut the throats of any remaining good companies?

Maybe now no one knows whether to invest in the failed government backed companies, or the actual functional companies who do not have government backing. Do you throw your money into failed taxpayer subsidies knowing you cannot fail, or do you invest in honest companies who cannot compete with the tax dollar supporting their competition?

This bailout by itself has destroyed the market.

 

[Bowfinger]

Originally posted by: quest55720
I blame the MSM for pushing fear to get Obama elected. The more fear the bigger Obama will win. The MSM is out there pushing for the case it is the end of the world. The second their hero Obama is elected the tone will change. It will be about how great things are now ect. The MSM will single handedly get Obama elected in a landslide.

Wah! The ebil librul media, always picking on you poor helpless coservatives. Did you feel the same way in 2004 when their obedient BushCo fear-mongering helped get Bush reelected? Did you happen to notice it was your Republican President and your Republican Sec of Treasury who went on TV talking gloom and doom? Are they Obama supporters too? How about McCain? He was the one who said this was so serious he had to stop campaigning to help with this crisis. I take you think he secretly supports Obama? That's quite a conspiracy you've got there.

Get it through your head. All the corporate media -- a/k/a MSM -- care about is ad revenue. Ratings drive ad revenue. Bad news, fear, and violence are all good for ratings. It was that way for Iraq, it was that way for TERRAR!, and now it's that way for the economy.

 

[quest55720]

Originally posted by: Bowfinger

Originally posted by: quest55720
I blame the MSM for pushing fear to get Obama elected. The more fear the bigger Obama will win. The MSM is out there pushing for the case it is the end of the world. The second their hero Obama is elected the tone will change. It will be about how great things are now ect. The MSM will single handedly get Obama elected in a landslide.

Wah! The ebil librul media, always picking on you poor helpless coservatives. Did you feel the same way in 2004 when their obedient BushCo fear-mongering helped get Bush reelected? Did you happen to notice it was your Republican President and your Republican Sec of Treasury who went on TV talking gloom and doom? Are they Obama supporters too? How about McCain? He was the one who said this was so serious he had to stop campaigning to help with this crisis. I take you think he secretly supports Obama? That's quite a conspiracy you've got there.

Get it through your head. All the corporate media -- a/k/a MSM -- care about is ad revenue. Ratings drive ad revenue. Bad news, fear, and violence are all good for ratings. It was that way for Iraq, it was that way for TERRAR!, and now it's that way for the economy.

I am no republican I don't like the bible thumpers. Blame the 2004 election on the democrats for nominating the only person who could lose to bush. They could of put up a moderate and kicked the shit out of bush. I would love to vote democrat but yet again they put up someone on the far left. Bring back the centrist democrats like clinton and I am there.

 

[Bowfinger]

Originally posted by: quest55720

Originally posted by: Bowfinger

Originally posted by: quest55720
I blame the MSM for pushing fear to get Obama elected. The more fear the bigger Obama will win. The MSM is out there pushing for the case it is the end of the world. The second their hero Obama is elected the tone will change. It will be about how great things are now ect. The MSM will single handedly get Obama elected in a landslide.

Wah! The ebil librul media, always picking on you poor helpless coservatives. Did you feel the same way in 2004 when their obedient BushCo fear-mongering helped get Bush reelected? Did you happen to notice it was your Republican President and your Republican Sec of Treasury who went on TV talking gloom and doom? Are they Obama supporters too? How about McCain? He was the one who said this was so serious he had to stop campaigning to help with this crisis. I take you think he secretly supports Obama? That's quite a conspiracy you've got there.

Get it through your head. All the corporate media -- a/k/a MSM -- care about is ad revenue. Ratings drive ad revenue. Bad news, fear, and violence are all good for ratings. It was that way for Iraq, it was that way for TERRAR!, and now it's that way for the economy.

I am no republican I don't like the bible thumpers. Blame the 2004 election on the democrats for nominating the only person who could lose to bush. They could of put up a moderate and kicked the shit out of bush. I would love to vote democrat but yet again they put up someone on the far left. Bring back the centrist democrats like clinton and I am there.

I notice you dodged pretty much everything I said. I'd also note that if you truly believe Kerry is "far left", you've been brainwashed by the same BushCo propaganda machine that sold most Americans on invading a country that posed no material threat to us and had nothing to do with 9/11. (They're very good.) That said, I agree Kerry was the weakest of the potential Democratic contenders in 2004, something I said here when he was nominated.

But back on topic, your suggestion the corporate media are playing up the economic crisis to help Obama is absurd. It strongly suggests your denial about being Republican is false.

 

[ITJunkie]

Originally posted by: DisgruntledVirus
This just in..... Breaking news....

90% of americans are fucking stupid

At last some some sanity

 

[mxyzptlk]

Originally posted by: Bowfinger

Originally posted by: quest55720
How about McCain? He was the one who said this was so serious he had to stop campaigning to help with this crisis. I take you think he secretly supports Obama? That's quite a conspiracy you've got there.

Certain individuals, that I am unable to identify, have informed me that McCain actually IS infact throwing the election as revenge against the republican party for the way they treated him in the 2000 elections.

It's a fact. McCain is Obama's strongest supporter at this point. You read it here first. .. but not because I just made it up.

 

[techs]

Originally posted by: DisgruntledVirus
This just in..... Breaking news....

90% of americans are fucking stupid

This just in..... Breaking news....
100 percent of DisgruntledVirus posts underestimate americans stupidity by 99 percent

 

[Chaotic42]

Yes, the average American has quite the handle on the complex economic issues which we are facing.

 

[LegendKiller]

Originally posted by: Jaskalas

Originally posted by: GTKeeper

Originally posted by: PC Surgeon
but .....but......the bailout.....

Recession is inevitable. No bailout means worse than that.

Doesn't saving the bad/failed companies literally mean that we have cut the throats of any remaining good companies?

Maybe now no one knows whether to invest in the failed government backed companies, or the actual functional companies who do not have government backing. Do you throw your money into failed taxpayer subsidies knowing you cannot fail, or do you invest in honest companies who cannot compete with the tax dollar supporting their competition?

This bailout by itself has destroyed the market.

Bailouts doesn't mean you've killed good companies.

What "killed" the market was the reality that no lending = no economy. Banks aren't lending to each other. Money managers aren't lending to companies, banks, or investment vehicles.

That's reality. The rescue plan hasn't even started and people are already blaming it for what it couldn't have caused...