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Some people say that we (The USA) are in a recession heading for a depression...?

Do you buy it. And if so, what are you doing to prepare.

Update:

OK you read Mr. Burns, that doesn't mean that everyone else doesn't. I know we're in a recession heading for depression. Some politians will not own up to it. Some people won't own up to it. Or did you miss that in a your reading? Sheesh.

5 Answers

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  • Ns@YnE
    Lv 6
    1 decade ago
    Favorite Answer

    Hell yea i BUY...what im doing about it...is the lil bit of scratch the govt gave back...im fixin to invest that dough...Instead of buy shiiiit with it....Im paying off my credit card loans and stuff like that...and living by my means...Even tho this type of thinking is causing the recession to be worst...because a lot of ppl are starting not to spend as much to be on the safe side...that doesnt help stimulate the economy when ppl arent spending. Hopefully that will change with the next president elected.

  • Anonymous
    1 decade ago

    How can I buy it if I don't have any money thanks to the recession??????

    Do I "buy" it? What is there to think isn't true about that? Read the papers! Look at the prices of everyday goods!

    A good place for you to start getting up to speed on these things is the business section of your local newspaper!

    Yes, there is a recession and it is not getting any better. How do I prepare? Don't spend what little I have!

  • 1 decade ago

    yea i totally buy it.....i mean have u looked at gas prices recently? or even milk??? its up to 4$ and change!!! eventually we will go into a depression unless a miricale happens...who nos maybe the new president for '09 will change this. i prepare for it by budgeting on everything i do so i have the extra money for stuff like gas and milk

  • Mary
    Lv 4
    1 decade ago

    Yeah. I've heard that too. I guess all we can do is save all the money we can and hope for the best.

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  • Anonymous
    1 decade ago

    we are going through it RIGHT NOW....I just have to save save save lol..i dont know, im scared...

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