The Great Depression Part II Options

[fameONE]

Is another Great Depression right around the corner for the American economy? Considering two investment bank powerhouses (Morgan Stanley and Goldman Sachs)have become bank holding companies in order for a financial backing from the Federal Reserve (this is a really big deal), should we be concerned? Also, take into consideration Bush's bailouts and his $700 billion dollar plan to 'save the banks,' do you think we're in deep shit?

Debate.

[superstitious]

I think that you're in deep shit if you are lower middle class and below but will more than likely be "ok" if you are upper middle class and above.

Consider the recent gas crisis. This certainly will not be the last time something like this occurs and the possibility of most cars going the hybrid route becomes more plausible as these things occur. The problem is, Joe Consumer can't afford a hybrid but guess who can? Yep, upper middle class and above. So what happens to those who can't afford to get to work? Well, I won't pretend to be a future reader but my guess would be that either employers will opt for telecommuters or people will lose their jobs. Not a good outlook for the community as a whole, in my opinion.

I hate to seem "hopeless", but these problems have been long since coming and as such, a solution cannot happen over night. I don't know if my generation (early 30's bracket) is in "deep shit" but I sincerely fear for my son's generation.