Everything we learned about the Great Depression in school seems to be happening, are we headed to a depres'n?

With banks failing, over extended credit... wasn't that some of the causes of the Depression?

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  • Anonymous
    1 decade ago
    Favorite Answer

    I think we are. I don't care what the press says, I see it all around me. My friends are losing their jobs left and right and most people I know can't afford to drive anywhere. There aren't new jobs to replace the old ones. They won't declare a recession or depression until it hits the rich people harder. Us little people don't count.

  • Anonymous
    1 decade ago

    We're certainly heading for trouble in a major way, only I can't see us getting through it easily.

    We're overpopulated too, and there is always someone willing to do something cheaper - greed over cheap luxuries for everyone has contributed to that one, along with ease of credit.....

    Just when you need a loan, you can't get one at a reasonable rate - if at all.

    Things are going to become interesting, or a little scary.

  • 1 decade ago

    Exactly except it's happening out of order which means the Government has learned to plan ahead to try to avoid the inevitable.

  • 1 decade ago

    sadly it seems we are because as george carlin wisely said consumption its the new national pastime **** baseball its consumption yo watch this its heehawlarious

    http://www.youtube.com/watch?v=kJ4SSvVbhLw

    Youtube thumbnail

    and sadly it nails the truth on the head in more ways then 1

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  • K7
    Lv 5
    1 decade ago

    As sad as it is, I don't think so. If we could just get control of the oil prices we would be fine.

  • 1 decade ago

    Right now, we're in what's called a repression, and if it keeps up then yes, we will most likely see another depression. :-(

  • Anonymous
    1 decade ago

    two words SOCIAL SECURITY

    it's not likely

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