Great Depression 2.0 prediction for U.S.

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wordcreatorushtwf

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Is the Great Depression 2.0 on the way and could it last until 2032?

The Return of the Great Depression explains why the author, Vox Day, believes that the economic downturn happening in the United States will get worse before it gets better.

Seven years ago, Day predicted the collapse of the housing market and the destruction of the financial services industry. Now, in Return of the Great Depression, he offers detailed analysis of the economic and monetary policies of the last several years to show why ideologues on both the left and the right didn't foresee what was coming.

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Unemployment at 18% and the government claiming that its only 10%, because the President promised no more than 8%. I can see this moral bankruptcy easily slipping into financial bankruptcy.
 
Damocles said:
Wha? this seems like a total non-sequitur.
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Lying about the true unemployment rate, lying that having the government spend money stimulates the economy, lying about economic history, lying about what caused the housing crisis and not holding those who caused it to account, and scamming folks into believing Hope and Change means prosperity, not socialism. These are all examples of immorality which leads to distrust and loss of confidence. Loss of confidence in the system leads to economic disaster.
 
Southern Man said:
Lying about the true unemployment rate, lying that having the government spend money stimulates the economy, lying about economic history, lying about what caused the housing crisis and not holding those who caused it to account, and scamming folks into believing Hope and Change means prosperity, not socialism. These are all examples of immorality which leads to distrust and loss of confidence. Loss of confidence in the system leads to economic disaster.
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Expecting politicians to tell the truth is a far cry from the agenda that the social conservatives want to force down everyone's throat.

A lying politician is not the exclusive domain of the left. And the social conservatives have shown themselves to be no more truthful than any other group.


But to try and claim that outlawing gay marriage, closing adult book stores, making sodomy illegal, or any of the other items on the social conservative's agenda is going to save us from financial crisis in just bullshit.
 
Southern Man said:
Lying about the true unemployment rate, lying that having the government spend money stimulates the economy, lying about economic history, lying about what caused the housing crisis and not holding those who caused it to account, and scamming folks into believing Hope and Change means prosperity, not socialism. These are all examples of immorality which leads to distrust and loss of confidence. Loss of confidence in the system leads to economic disaster.
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Careful SM, you'll get labelled a populist, and that's either a communist or a nazi. Smart people said so.
 
Southern Man said:
Lying about the true unemployment rate, lying that having the government spend money stimulates the economy, lying about economic history, lying about what caused the housing crisis and not holding those who caused it to account, and scamming folks into believing Hope and Change means prosperity, not socialism. These are all examples of immorality which leads to distrust and loss of confidence. Loss of confidence in the system leads to economic disaster.
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I wish to heck that you were right and that "social conservative" actually meant "truthful politician", but it doesn't.
 
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