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Do you agree with the 74% who believe we're in a recession?

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  • Do you agree with the 74% who believe we're in a recession?

    http://www.cnn.com/2008/POLITICS/03/...nal/index.html

    (CNN) -- Nearly three-quarters of all Americans think the economy is in a recession, according to a national poll released Monday.

    Seventy-four percent of those questioned in a CNN/Opinion Research Corp. survey say the economy has entered a recession.

    That figure is up from 66 percent who felt that way in a similar survey last month. The number stood at 61 percent in January and 46 percent in October.

    It's no surprise then that the economy remains the key issue in the public's mind.

    By a 2-1 margin, it tops the Iraq war as the No. 1 issue for Americans in their choice for president.

    "Forty-two percent of those polled say the economy is the biggest issue on their minds, nearly double the amount who felt that way in October, the last time Iraq topped the list as the most important issue," said Keating Holland, CNN's polling director.

    Democrats and Republicans seem to differ about the state of the economy. Nine in 10 Democrats questioned said the economy is in a recession, while 54 percent of Republicans agreed with that assessment.
    Iraq ranks as the second most important issue, at 21 percent, followed by health care at 18 percent, terrorism at 10 percent and immigration at 7 percent.

    Three in 10 of those questioned say the U.S. is in a serious recession, with an equal amount describing the recession as moderate. Sixteen percent call it a "mild recession."

    "The 29 percent who say we're in a serious recession is larger than the number of Americans who felt that way during the last recession at the start of the current Bush administration, but it's nowhere near the 46 percent who felt that way about the recession of the early 1990s, when George W. Bush's father was in the White House," Holland said.

    So when will these economic blues likely go away?

    A majority of those polled, 53 percent, say the recession will last more than a year, 18 percent say it will continue for another six months to a year, and 2 percent say the economic downturn will be over in less than six months.

    The CNN/Opinion Research Corp. poll was conducted by telephone from Friday to Sunday, with 1, 019 Americans questioned. The survey has a sampling error of plus or minus 4.5 percentage points.
    "Let me lay it right on the line. Bigotry and racism are among the deadliest social ills plaguing the world today. The only way to destroy them is to expose them. If man is ever to be worthy of his destiny, we must fill our hearts with tolerance.- Stan Lee (circa 1968)

    "Compete less with the person in front of you than the person inside of you." - Anonymous

  • #2
    I are not.
    Of course you do.

    Comment


    • #3
      I listen to whatever airshark has to say.

      Comment


      • #4
        I believe the technical definition of a recession is two consecutive quarters of diminishing GDP...but yeah basically we're in a recession.


        I liked what Reagan said once...a recession is when your neighbor loses his job. A depression is when you lose yours.

        I guess I'm lucky. I've never been unemployed.

        Oddly, these last two months have been my company's best two months ever. I can't explain it. Very strange but we will enjoy it while it lasts.
        Go Cards ...12 in 13.


        Comment


        • #5
          things are fine, banks going down the tubes, nothing to fear here.
          Be passionate about what you believe in, or why bother.

          Comment


          • #6
            Originally posted by madyaks View Post
            things are fine, banks going down the tubes, nothing to fear here.
            Any mortgage lender that is struggling or hurting only has themselves to blame.
            Go Cards ...12 in 13.


            Comment


            • #7
              I'm so happy that the wife and I decided to invest in the precious metals about six years ago. We bought alot of gold when it was around $250-300 per ounce. (Over 100 ounces to be exact)
              Make America Great For Once.

              Comment


              • #8
                I vote an unequivocal YES!
                "Let me lay it right on the line. Bigotry and racism are among the deadliest social ills plaguing the world today. The only way to destroy them is to expose them. If man is ever to be worthy of his destiny, we must fill our hearts with tolerance.- Stan Lee (circa 1968)

                "Compete less with the person in front of you than the person inside of you." - Anonymous

                Comment


                • #9
                  Originally posted by Bleacher Creature View Post
                  I'm so happy that the wife and I decided to invest in the precious metals about six years ago. We bought alot of gold when it was around $250-300 per ounce. (Over 100 ounces to be exact)
                  Strangely, I was just thinking about you because of this.

                  They just did a piece on the news (about an hour ago, really) about how much gold has appreciated. I somehow remembered you talking about how people should invest in gold like you did.

                  Good call.
                  Of course you do.

                  Comment


                  • #10
                    Originally posted by Bleacher Creature View Post
                    I'm so happy that the wife and I decided to invest in the precious metals about six years ago. We bought alot of gold when it was around $250-300 per ounce. (Over 100 ounces to be exact)
                    Good call.
                    Go Cards ...12 in 13.


                    Comment


                    • #11
                      Originally posted by TTB View Post
                      I believe the technical definition of a recession is two consecutive quarters of diminishing GDP...but yeah basically we're in a recession.


                      I liked what Reagan said once...a recession is when your neighbor loses his job. A depression is when you lose yours.
                      And recovery is when Jimmy Carter loses his. I remember that.

                      Comment


                      • #12
                        Originally posted by ShortHop View Post
                        Strangely, I was just thinking about you because of this.

                        They just did a piece on the news (about an hour ago, really) about how much gold has appreciated. I somehow remembered you talking about how people should invest in gold like you did.

                        Good call.
                        The silver prices are not as high as they should be. ($21.00 per oz) I've been reading some investment guides that predict it could explode to $50 + within a year.
                        Make America Great For Once.

                        Comment


                        • #13
                          Originally posted by Offsides View Post
                          And recovery is when Jimmy Carter loses his. I remember that.


                          Indeed and that's exactly what happened eventually though they had to slay the inflation dragon as well and the recovery didn't really get going until 82.

                          Carter's economy was Stagflation with a capital S.

                          It cracks me up when I hear Democrats talk about helping the economy and increasing the number of jobs with tax increases, increased regulation and protectionism. Its like not one of them ever took a business or economics class....that or they count on their constituents buying into the populist BS they spew.
                          Go Cards ...12 in 13.


                          Comment


                          • #14
                            Originally posted by Bleacher Creature View Post
                            The silver prices are not as high as they should be. ($21.00 per oz) I've been reading some investment guides that predict it could explode to $50 + within a year.
                            I'm too late for gold but maybe I can get on that train.
                            Go Cards ...12 in 13.


                            Comment


                            • #15
                              Originally posted by Bleacher Creature View Post
                              I'm so happy that the wife and I decided to invest in the precious metals about six years ago. We bought alot of gold when it was around $250-300 per ounce. (Over 100 ounces to be exact)
                              Now you just got to pry it off of your teeth and you'll be all set

                              Comment

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