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Poll: 81 Percent Believe US Currently In A Recession

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Poll: 81 Percent Believe US Currently In A Recession MSNBC is teasing some results of NBC/WSJ poll, to be officially released Wednesday night. Only 21 percent approve of President Bush's job in handling the economy — his lowest number ever as president on that question. Also, a whopping 81 percent believe the US is currently in a recession.

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UnDave35 UnDave35 9 years
Actually, all the talking about the recession is more likely to put the mindset that people need to not spend, to save for the rainy day coming. Then people stop spending, the GDP falls, and voila, we're in a recession....
stephley stephley 9 years
It might help, because while we're told that a recession is a decline in a country's real gross domestic product for two or more successive quarters of a year, and that should be calculatable, economists have been arguing over whether we're in one at least since the beginning of the year.
Arthur Arthur 9 years
are we lucky that recessions aren't voted into existence, or what? ;)
raciccarone raciccarone 9 years
You know, Auntie C, somewhere in that nutty harangue, I actually agree with you.
Auntie-Coosa Auntie-Coosa 9 years
It's worse than that. People in my little county of 19,000 are committing suicide over the perceived recession. I do not believe we are in a recession. I believe that a segment of our society spent more money than they made and bought the BIG HOUSE and the HUGE VEHICLE while they had money and SAVED NADA, ZILCH, ZERO. So now, we're in a glitch and they are in a panic! One friend was telling me that a guy she knows who lives at home, had to work three 5-day weeks to earn enough to make his car payment. The boss, due to the increased cost of living (gasoline, materials, etc) cut his hours to 4-day weeks. And the kid is in a panic. HELLO? Anyone in your brain? WHO is foolish enough to take on a car payment that costs THREE paychecks? DUH? Same thing happened with people buying the BIG HOUSE. They could barely make the payments on their income. They lose income, they lose the house. TOUGH. RETURN TO REALITY PLEASE. LaLa Land is just a mist and not reality. No one saves any extra money they get, they go out and spend it on themselves or use it as a down payment on something they can't make the payments on. I do NOT believe that the Government should step in and become "mama" to all the people who are losing their homes. I DO BELIEVE that the lending institutions and the real estate companies and salespeople are a bit more at fault than the person who signed on the dotted line. I believe the Government should investigate how real estate companies and salespeople got loans at lending institutions for all these "marginally eligible" home owners. AND THEN Lending institutions and real estate companies and sales people be ordered to come up with a solution to the home owners' situations. AT lender and real estate cost. And a bunch of shady real estate salespeople may end up going to jail. And a bunch of shady lending institutions may have to file bankruptcy, but stay in business and re-negotiate the payments on houses they approved for loans. LET THE CEOs PAY OUT instead of get bonuses. It's about time someone placed the blame where it belongs. AND the home owner who took out the loan? His mortgage payment will go down, but he will have to move from his 5000 square foot house with a pool, mother in law suite, and double garage into a 2000 square foot house with no pool, m-i-l suite and a single car garage (and sell the boat and the jet skis) and his mortgage payments will be used to pay for the smaller house. THE LENDERS AND THE REAL ESTATE COMPANIES ARE RESPONSIBLE FOR THE MAJORITY OF THE HOUSING PROBLEM AND THEY MUST BE THE ONES WHO 'FIX' IT OR GO TO JAIL. If those are their choices, they'll fix it.
raciccarone raciccarone 9 years
The American people are always the last to know.
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