Americans Expect Depression
Americans Expect Depression?:: CNN got those poll results in spite of the following reminder: "…during the Depression in the 1930s, roughly one in four workers were unemployed, banks failed, and millions of Americans were homeless or unable to feed their families". Well, let’s see, by the old rules one in five are unemployed right now, by old accounting standards the banks are insolvent right now, millions of Americans remain in homes they aren’t paying the mortgage on, and the virtual bread line of food stamps is around 44 million long last time I checked. Maybe the private sector has been in a depression for a while now, and it is about to hit the public sector as well any day now.
CNN Poll: Obama approval rating drops as fears of depression rise CNN Political Ticker – www.cnn.com Blogs: politicalticker.blogs.cnn.com/2011/06/08/cnn-poll-…-rise