If you want another 10 years of depression, then keep voting for the establishment.
Another 10 yrs? I didn't know that we even had one year of depression.....you really lose credibility when you don't realize even the basic macroeconomic terms.
and this is why you have no credibility morgan. When the underemployment/unemployment rate is over 20% how is that not a depression? Maybe the stocks on wall street don't show they are depressed, because we keep pumping inflated money into the system.
Just because the media calls this a recession and refuses to call it a depression (because it could cause a panic) it is a depression. The average american is monitairly depressed. The price of a barrel of oil has went up by 50% since 2008.
Our food prices, oil prices are all going up. Don't you understand that is inflation?
Here is a definition of depression, we will analyze it together.
In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen by some economists as part of the modern business cycle.
The recession happened aroud 2003, since 2008 we have had a sustained downturn of the economy (not just wall street, but the average person) Prices have skyrocketed and underemployment/unemployment has been over 20% for 2 years.
This is a depression. A ressecion is seen as a slight downturn, like a summer of inflated gas prices and low stocks with a bit higher unemployment.
A depression is seen as a sustained downturn of the economy.
I'm shocked that you don't understand simple macroeconomics vocab. Morgan, one day you will be right, keep making outrageous statments without facts to back it up.
Can't wait for you to ask me where i got my statistics... One source is Gallup poll, another is reuters, another is huffington post. there are plenty of stats to look at, just search google.
Keep on giving me things that i can throw back in your face and show your lack of knowledge!!! give me more dumb things morgan, your full of em!!