60% Say Economic Depression ‘Likely’

According to a new CNN/Opinion Research Corp. poll, nearly “six out of ten Americans believe another economic depression is likely.” I wasn’t one of the lucky folks polled, but I have to say I’d be among those “six out of ten Americans” who believe an “economic depression is likely.”

From where I sit, the economy has been in the toilet for a while now and I have said so repeatedly here on The Dem Daily. It’s going to get a lot worse before it gets better and that $700 billion bail out as we all know, won’t do jack for anyone but the big corporate ho’s on Wall Street. There’ll be no bail out for the Mom & Pop shops on Main Street.

Among “other findings of the CNN poll were more in agreement with those of top economists.”

The poll found 84% of Americans polled believe that economic conditions are somewhat or very poor, with a majority, 53%, now believing the economy is very poor. That’s not far off from the two-thirds of NABE economists who believe the economy is now in a recession or will enter one by the end of this year.

Hold on to your pennies readers, we’re all in for some rough, depressing times and we sure as hell don’t need McCainPalin for 4 – 8 more years of the same. Obama-Biden is the answer to America getting back on track.

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2 Responses to 60% Say Economic Depression ‘Likely’

  1. Frank Miller says:

    Glad, to hear the people are starting to see the signs.  Now, that the market is starting to show a decline, people are more apt to listen.  Investors should be taking their money out of the US market and investing it in stronger markets overseas or looking on ways to cut back on discretionary spending.  I personally use offshore bank accounts and they have been helpful with asset protection and diversification.  If you would like to learn more, feel free to visit my site.Best,Frank Miller

  2. rickc says:

    When you consider how anemic job growth has been since ‘W’ took over, the depression started in 2000. Please check out my articles on Associatedcontent. I am new to writing and intend to publish on a variety of subjects including the economy, job growth and ideas for the future..