Are we ever gonna have another Great Depression?

Just curious!
Are we ever gonna have another Great Depression?
we are on the verge of one now!!
Are we ever gonna have another Great Depression?
No Bush can%26#039;t run again...
Reply:Fasten your seat belts, folks!





They%26#039;ve been calling it a recession, but things are sliding fast.
Reply:A quick look at unemployment rates will tell you that the recession we are in is not that bad. Certainly not as good as it could be, or has been in the past, but nowhere near the Great Depression. Don%26#039;t let these biased people lie to you, the President really has very little power over the economy. He can only sign or veto the economic legislation that Congress passes through. Having another Great Depression is unlikely, given the pure volume of the stock market. A %26quot;Great Depression%26quot; is really a perfect storm of poor economic conditions, and just flat out bad luck, and it is unlikely we will see one again. Recessions, and even short depressions, are an unavoidable part of the economic cycle.
Reply:Based on the latest statistics we are very close to getting into a depression, though some may argue that we already are in one because our recession has lasted too long. Think of the economy like an pendulum, when the pendulum is not moving the economy is stable and everything is flowing and working like it%26#039;s supposed to. When the pendulum starts to swing the economy is unstable with one side being Recession the other being Depression. The higher it swings the more unstable and dangerous it becomes. Right now the pendulum is swinging very high which means that we are on the verge of going into a Depression because we already hit the Recession. With companies not willing to hire full-time employees anymore and in California Full-Time is now 30Hrs a week, And benifits either being cut or are now non-existent. It is very easy to see that we are very much headed down the path of a Depression. It hurts everyone not just adults because Teens will or already are having a hard time getting a job. College is really hard to pay for unless your some genius that gets Valavictorian with a paid scholarship. It is the sad truth. I%26#039;ve even met people who went to college and got a degree and their working at a Theme Park or Retail Store just to get by because no one is hiring. It is up to us and the next president to help get us out of this mess that GWB put us in. During his reign of stupidity he let businesses walk over the employee which I think is one of the main reasons why we%26#039;re in this mess. Have you gone to a place and actually seen anyone happy working lately? I haven%26#039;t.