The Second Great Depression

Now I am watching something on the History Channel about the current resection and how this could lead to depression. Someone please tell me if Obama's hope and change could prevent such things from happening. How the fuck am I going to get my action figure shop off the ground now?

>>1
By being an ethnic minority who expects a government job instead of doing something economically productive themselves.

We've been in a great depression since 2000..  the stock market's proof

I suspect it is not just a depression but a war against the enemies of America.

>>1
I don't think he can fix economy without radical reforms(which wouldn't be accepted by large segments of society).
The present situation is like a domino chain:
When they have to bail out core financial institutions,when Wachovia collapsed, it would start to affect the average Joe in several months(insurance and loans),exactly when Obama will be in office.

>>4
I suspect it is not just a depression but a war against the enemies of America.
You mean the "middle class", right?  That's who's losing this war.

>>4
>Enemies of America:
Capitalism
The American Delusion (known locally as a Dream)

Good luck fighting all that America is today: an overweight slug that can't even play the banjo anymore.

China will fix America once they find the right time to call America up on their debts by invading. Canadafag looking forward to that day
-_- mmmmmm........forced socialism

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There is no way to fix the current and continuous decline our economy, and the world's, as well as increasing unemployment and poverty levels. Is everyone that fucking oblivious to the severity of the problem the entire world is facing? There is no fix.

Google:
Overview of America
Money as Debt
Zeitgeist Addendum

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>>9 brings up a good point, If the bailout was working, people would stop loosing their homes.

>>7
You are an idiot. If China ever invaded, it's fail. Because the United States has better technology and battle strategies while China using outdated tech and relies on their numbers. I look forward to the day when I could kill some god damn fucking commie chinks.

There better not be an depression, I just bought a PS3.

>>15
That reminds me, why the fuck hasn't Sony went out of the gaming market with their over priced piece of mechanical shit?

>>15
BALLIN'

>>14
BALLIN'

ENJOYIN' COCACOLA FOR THAT REFRESHIN' BROWNNESS

ps3 will save the world

it aint coca cola, its rice

Obama won't do shit.
Shoulda voted for Ron Paul.

ps3 with life. will save world

>>13

Were would they invade? Alaska? Hawaii?

I remember hearing on /k/ that China doesn't even have any air craft carriers and their air support mostly contains old, out dated Russian equipment, compared to the U.S., which has 13 (IIRC) air craft carriers and completely air superiority.

You guys are all ignorant uneducated niggers. Any war between China and USA would involve ICBMs with hydrogen fusion warheds being slung around like your mother's titties, the only place that would survive is Madagascar.

>>24
>Madagascar?
shut
down
EVERTHING

>>24
China? Are you high? China has like 200 nukes, probably a small fraction of which would be able to reach America.

>>26
no. at least 440 ICBMs with nuclear warheads that reach America. nobody knows how many actually, though.

>>27
What's your source on that?  It's more than an order of magnitude higher than any previous estimate I've ever seen.  Ever.

>>24 here, >>27 isn't me btw

>>26
>>27
Wow, you're on the internet you know.

http://www.google.co.uk/search?hl=en&q=china%27s+nuclear+arsenal&meta=
http://www.fas.org/nuke/guide/china/nuke/index.html

China's arsenal is inferior but that doesn't matter. You can't stop an ICBM and they are nuclear capable.

China would be totally obliterated and effectively lose a nuclear war, but all major US cities would be destroyed and the radiation released would cause cancer, infertility and other health problems for decades. US would lose it's place as an economic and military power in the world.

>>25
I see what you did there.

>>29 You can't stop an ICBM
I see an unwarranted assumption here.

>>31
You can stop an ICBM? Good luck with that.

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>>32
Read the post. Idiot.

During the Great Depression, America had a 25% unemployment rate. In 1992, it was over 10%. Today, we are below 8%. I assure you, the economy is far better off than anyone cares to say. Think, do you know anyone who's lost their home? Do you know anyone who's about to lose their home?

If you answered "no," to both those questions, and you still think the American economy is in a state of depression, you may want to rethink your stance.

>>34
According to your logic, the Great Depression I didn't start until 1933.  What a moron you are.

And I've known quiet a few people who have lost their homes due to foreclosure.  That's 4 families I can think of, off the top of my head, just in the last 2-3 years.

EAT HOT DEATH, Depression-denier!

>>35
Shut up. You're black.

>>34
Well I fail to see what that has to do with China's nuclear capability, missile defense systems and whether the ICBM always gets through or not, but I suppose I was multi-track drifting.

Unemployment will rise as US debt rises and foreign credit runs dry, the taxpayer will feel the pinch and since the rich will be targeted, businesses will close and people will lose their jobs and so a few politicans don't. Ultimately it's the state's fault, the state both failed to regulate where it should and when it did regulate it did so with little regard for the consequences. You see there are no rational principles behind the state's policy decisions, the antiquated keynesian system is still in wide use even though professional economists across the globe have since progressed to more advanced in depth pragmatic theories. They essentially have a free hand to do as they wish since the voter is so distant from the causes and effects of their policies it is difficult even for investigative journalists to obtain the evidence they need to make a review and assuming this occurs politicians are so immersed in the haze of spin doctoring and the usual low politics of washington there is little that can be done to make them accountable.

>>36
Black up.  You're shut.

>>37

Your reason for this whole "depression" is that the government failed to regulate?

It told banks to give loans to those who couldn't repay them.
It told GM to make smaller cars that no one would buy.

This entire economic "problem" is because the government decided to get involved in the private sector.

>>39
No, I said.
>the state both failed to regulate where it should and when it did regulate it did so with little regard for the consequences

To think this is entirely due to excessive regulation or entirely due to lack of regulation is partisan.