Wednesday, January 4, 2012
Is a second Great Depression coming on?
It's impossible. Because the government is supposed to prevent this all thanks to FDR's New Deal porgrams back in the 30's. Such as FDIC, the banks are supposed to stablize incase anything gets out of control, so its impossible for the world to hit another depression.The economy may be bad, but it will not hit a depression. And high oil prices are because of demand of rising countrys. We can also blame Idiot Bush and Stock Traders for the price of oil and the bad economy. Is it going to be like this forever? Absolutely not, thats the ignorant person. By looking at history, theres been people who ruined the economy, and people who have saved the economy. The time will come one day where the economy will be great again. And yes, I do believe the war in Iraq is a cause for the bad economy and MAYBE oil rising. But mostly oil is rising due to idiot stock traders and bush, and high demand from china/India. But in short, dont worry, the economy will be good one day. Just avoid working at the auto industry in these bad times >.<
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