Poll: 60% say depression 'likely'

[UpInArms]

Source: CNN

Poll finds 6 of 10 believe a depression is somewhat or very likely - seeing 25% unemployed and millions homeless and hungry.

NEW YORK (CNNMoney.com) -- Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.

The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:

25% unemployment rate;
widespread bank failures; and
millions of Americans homeless and unable to feed their families.

In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.

The poll also found that 29% feel a depression is not very likely, while 13% believe it is not likely at all.

But economists, even many who feel current economic risks are dire, generally don't believe another depression is likely.

Read more: http://money.cnn.com/2008/10/06/news/economy/depression_poll/index.htm

[progressivebydesign]

1. I think most people don't understand what a true depression is. n/t

[RUMMYisFROSTED]

3. Most people under the age of 85.

[RUMMYisFROSTED]

2. ...yet consumer confidence is up!

:wtf:

[Historic NY]

4. If they don't start kicking up interest & saving rates we going to be screwed more.

[OhioChick]

5. K&R

:kick:

[FreakinDJ]

6. WAKE Up and smell the Failed Reagonomic / Republican policies

Time for McSame and "Foreclosure Phil Gramm" to run to the rescue

[msongs]

7. refer to it as the McCain Republican recession at every opportunity nt

[angstlessk]

8. and these people are worried that Obama had a relationship

with some guy when Obama was 8?? FUCKING DEPRESSION ..NOT RECESSION...DEPRESSION!!!!

[HughMoran]

9. I don't even want to think about it

I'm get depressed wheever I think about it.

[Mojorabbit]

10. A boat load of economists

have been tragically wrong. It will be interesting to see how it all plays out.

[greyghost]

11. It's just semantics, a deep recession= depression. We are looking

at a very deep hole. Of course it was made deeper by the passage of the
bail out last week. Double digit/ hyper inflation isn't pretty.

There are still some safe guards built into the system from the 30's that will prevent it from being that bad, but it's going to be plenty bad.

[obiwan]

12. We are already there. We are just sugarcoating it.

As Mary Poppins said, "Just a spoonful of sugar helps the medicine go down."

[demnan]

13. I think we stand more of a danger of hyper-inflation

which is just as bad for most of us. But that is just a guess and I'll be glad to be proven wrong.

[niceypoo]

14. ...If McCain wins

The part they left out.