Poll - Do you think another Great Depression will occur in your lifetime? I happen

[Douglas Carpenter]

23. probably not - unless war in the Middle East collapses the supply of oil

Last edited Tue May 29, 2012, 09:44 AM - Edit history (1)

I think it is more likely that we will continue to see a gradual but relentless decrease in the standard of living for the majority, a gradual but relentless increase in wealth of the richest members of society and a of a course a gradual and relentless increase in the gap between economic classes - resulting in an almost third world living condition for major portions of the population on a scale we have not seen in a hundred years or more. Although I certainly think the Democrats are significantly less harmful in this regard than the Republicans - I do not think that it will in the long run make a whole lot of difference which party dominates the government. These trends will likely continue regardless which party dominates the government - largely because economy is now more powerful than government and both parties are beholden to the interest which support the kind of policies that increases gaps between the economic classes – the Democrats are somewhat “moderate” about it. The Republicans are extreme about it.