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US: Onset of second Great Depression?

Published time: April 29, 2012 05:54
Edited time: April 29, 2012 09:54
Unemployed men queued outside a depression soup kitchen opened in Chicago by Al Capone, 1931 (Image from archives.gov)
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America has been in the economic downturn for quite a while now, and some are beginning to question if this is a recession or something even worse.

­RT’s Lori Harfenist, known as “The Resident”, went onto the streets of the Big Apple to find out what people think.

Comments (20)

Ouch! Ouch! 03.05.2012 10:15

@Ouch! Ouch! wrote in #16
"a lot of time going to school"?  Who paid for that? The 'state' perhaps?

"mea sure trends in the financial markets"?  Indeed, no wonder the hysteria about communism. You are the epitome of  corporate market manipulators. There is no real value to your work at all no matter how complex the code or math. Essentially your job description is that of  a financial speculator who sells 'educated guesses' to other financiers and corporations about market trends. In other words, you are a fortune teller with a computer instead of a crystal ball.

"start your own LLC taxed like a C-Corp and use novel technologies on the internet..." I suppose this impressive gibberish means 'start your own business'. Once again it seems your grasp of business realities is dubious. The world doesn't revolve around the internet!!!!!  Not everyone is a financial adviser  dweeb sitting in his room pumping out useless information on the computer!!! Who fixes your pipes? Patches your roof? Grows your food? How do these guys get the seed money to start their own businesses? Or stay in business when times are slow and corporations/banks are tying up capital?

Even your 'internet' idea is .....dumb.....really . In case you haven't noticed, you can't just pick up software, learn it & apply it for free. That's ludicrous in addition to being illegal. Any half decent application runs in the thousands of (dollars) if it isn't pirated.

Fina lly, understand that the only reason you still have a job in the financial world is because Obama did the ultimate communist thing by throwing billions of dollars at Wall Street. Otherwise you'd be selling pencils on a street corner instead of 'guru' books.  
---------- --------Yeah, you're right.  I guess I'm a total loser.I think I'll quit working and become a communist, instead.

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HDumpty 30.04.2012 15:33

HDumpty wrote in #18Andor wrote in #1Sorry to burst your bubble but the US will never go down!Just compare the US to China and Russia. What China does not want the world to see is that 2 thirds of china is poverty like going 100 years back in the past!! Russia sorry to say is a very poor country with very poor infra structures where millions does not even have a car or electric iron for clothes! Er Andor, have you been in Detroit, the midwest ... have you ever left your safe little bubble to actually see the misery around you Andor? 1 in 7 Americans on food stamps and food aid and you have the audacity to point your fat little finger at other great nations! Tsk tsk tsk ... open your eyes! There's a lot of poverty all over the world but I know of no other nation that self-promotes itself with such delusional aplomb. US is in denial - you know what happens next ...

+2

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HDumpty 30.04.2012 15:25

Andor wrote in #1Sorry to burst your bubble but the US will never go down!Just compare the US to China and Russia. What China does not want the world to see is that 2 thirds of china is poverty like going 100 years back in the past!! Russia sorry to say is a very poor country with very poor infra structures where millions does not even have a car or electric iron for clothes!Er, have you been in Detroit, the midwest ... have you ever left your safe little bubble to actually see the misery around you Andor? 1 in 7 Americans on food stamps and food aid and you have the audacity to point your fat little finger at other great nations! Tsk tsk tsk ... open your eyes! There's a lot of poverty all over the world but I know of no other nation that self-promotes itself with such delusional aplomb. US is in denial - you know what happens next ...

+1

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