"Disagreeing has never been so much fun!"
Recession
Depression
Is America Headed for a Recession or Depression
Debate Leaders
The Boss
(1 votes)
Neutral Fans: (0)
Side A Comment
Ripi - 1/26/09 @ 7:14 PM:
Thanks Mr. K for the explanation above. In either scenario..the economy is struggling and so are "we the people".
Side B Comment
The Boss - 1/16/09 @ 9:15 PM:
I'm going to again reiterate that this is one time I really didn't want to be right but it would certainly appear that I was. We aren't there yet but we're not too far off.
Side A Comment
Ripi - 1/5/09 @ 9:44 AM:
I really don't know which side to be on. Matter of fact I can't tell the difference in the two words. I think I need it explained to me.
The Boss - 1/5/09 @ 4:40 PM:
Rival | Side B
Ripi, a recession is when an economy has a decrease int Global Domestic Product (GDP) for at least two quarters. This basically means an economy struggles instead of grows.
A depression is far worse. A depression is a long lasting (can be years) slump in an economy that comes with high unemployment rates, very limited credit, very little opportunity, it's the "Worst Case Scenario."
A depression is far worse. A depression is a long lasting (can be years) slump in an economy that comes with high unemployment rates, very limited credit, very little opportunity, it's the "Worst Case Scenario."
Side B Comment
gonzo - 6/10/08 @ 10:44 PM:
I almost would have rather gone to Iraq for oil sometimes. But that's just between us.
The Boss - 7/1/08 @ 5:27 PM:
Ally | Side B
The least Iraq could do is supply the fuel for our military in their country.
The Boss - 7/1/08 @ 5:27 PM:
Ally | Side B
I wouldn't go that far, the US deficit is growing beyond belief and quite frankly we will hit a limit with how much money other countries will lend us.
Side B Comment
The Boss - 6/9/08 @ 10:47 PM:
I heard on the radio today; friday of last week was the worst week for the American economy in over 20 years. Unemployment is higher than it's been in over 20 years, barrel of oil closed at nearly $140, and the stock market crashed roughly 400 points. Recession YES! Depression, God I hope not.
Side B Comment
The Boss - 5/23/08 @ 5:18 PM:
Gas is supposed to hit $4.10 a gallon, diesel may hit $5.00. Get ready for smaller trucking companies to go out of business. Let's NUKE OPEC! Okay, I'm half kidding.
Side B Comment
The Boss - 5/1/08 @ 3:59 PM:
Here's something that will make your stomach hurt. All Nabisco products have officially had there price increased by 8%. A package of oreo's is $4.18 at a local market here. I hope people can't live without there oreo's so I can keep my job.
The Boss - 12/1/08 @ 7:39 PM:
Rival | Side B
I'm all about optimism but is it too early to say, See I Told You So!
Side A Comment
Yuki Suzuki - 4/30/08 @ 12:13 AM:
I'm certainly not feeling the effects of any recession (this is dennis btw) except er wait - I paid $43 to fill up my 11 gallon tank in my Honda Civic yesterday.
I don't know if this is any result of a recession but I don't like it. I don't like it one bit.
I don't know if this is any result of a recession but I don't like it. I don't like it one bit.
Side B Comment
The Boss - 4/28/08 @ 9:50 PM:
It is obvious that America is struggling but are we heading into a recession or are we looking at the next great depression? There are so many variables to why our economy is hurting but I personally don't see any easy fix which has me thinking this could turn into the next great depression. What do you think?
