79% Say U.S. Economy Could Collapse

[Team Sergeant]

I'm just a dumb kid from Iowa that reads, everything, and today they print this (see below).

a. Foxnews is reading Professionalsoldiers.com or

b. I'm not alone in my assessment that this American house of cards is about to take a very very serious dive. ("Collaspe" is the word Foxnews used.)

A shitstorm is coming, I do hope you have a very sturdy umbrella.

TS

If you don't have enough money to purchase gold buy silver.;)



Fox News Poll: 79% Say U.S. Economy Could Collapse
By Dana Blanton
- FOXNews.com

The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent).

Most American voters believe it’s possible the nation’s economy could collapse, and majorities don’t think elected officials in Washington have ideas for fixing it.

The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent).

Just 18 percent think the economy is "so big and strong it could never collapse."

Moreover, 78 percent of voters believe the federal government is "larger and more costly" than it has ever been before, and by nearly three-to-one more voters think the national debt (65 percent) is a greater potential threat to the country’s future than terrorism (23 percent).

Who has a plan for dealing with the economy?

Overall, 35 percent of voters think the Obama administration has a clear plan for fixing the economy, down from 42 percent last summer (July 21-22, 2009).

At the same time the number saying the White House doesn’t have a plan for the economy has increased from 53 percent in July to 62 percent in the new poll. That includes almost all Republicans (88 percent), two-thirds of independents (67 percent), as well as a third of Democrats (33 percent).

Even fewer people think Democrats in Congress (24 percent) and Republicans in Congress (16 percent) have clear plans to fix the economy.

There is a large gap in party support, as Democrats (46 percent) are significantly more likely than Republicans (25 percent) to think their party has a strategy for the economy.

The national telephone poll was conducted for Fox News by Opinion Dynamics Corp. among 900 registered voters from March 16 to March 17. For the total sample, the poll has a margin of sampling error of plus or minus 3 percentage points.

"These results reveal a deep anxiety about the fragility of our economy, as voters face continued uncertainty about jobs and an expanding commitment to public sector spending," said Ernest Paicopolos, a principal of Opinion Dynamics.

Three in 10 American voters (30 percent) say they are comfortable with the size and role of the federal government right now, while 65 percent say the government has become too big and "is restricting American freedoms."

Sizable majorities of Republicans (84 percent) and independents (74 percent) think the government is too big, while just over half of Democrats (51 percent) are okay with the size of government.

http://www.foxnews.com/politics/2010/03/23/fox-news-poll-say-economy-collapse/?test=latestnews

[Richard]

A reality...or a self-fulfilling prophecy created by such polls (opinions being presented as a percentage and perceived as fact in support of another opinion) and the seemingly predominant negativism of MSM reporting? :confused:

History says we'll find out one way or the other in due time...

Richard's jaded $.02 :munchin

[Sigaba]

What I'd like to know is if the respondents were asked questions like "How well do you understand the economic crisis or economic issues more generally?" And "How has the current economy impacted your life?" (As of yet, Fox News has not provided a link to the full poll as it often does.)

And are some of these respondents the same types of folks that though the H1N1 vaccine was as dangerous as H1N1 itself? <<LINK (http://www.foxnews.com/projects/pdf/112009_SwineFluPoll.pdf)>>

Regardless, I think the numbers indicate that the current president is not doing a good job of using the "bully pulpit" to assuage Americans' concerns over the economy.

(Have I said recently how much I dislike the guy? Well. I dislike the guy. And not just a little. I feel so much better getting that off my chest.)

FWIW, Gallup has assembled a time line of recent events and what people thought at the time. Source is here (http://www.gallup.com/poll/9967/timeline-polling-history-events-shaped-united-states-world.aspx?version=print).

[craigepo]

I agree that there are lies, damned lies, and then there are statistics. However, I get out and mix with folks everyday. It is my observation that the electorate, at least in my AO, is very disillusioned. Accordingly, my observations are in line with the poll numbers.

Hang in there. The pendulum is already swinging back. The challenge will be to fix the problems that are being caused by the present administration.

[Richard]

http://www.youtube.com/watch?v=l9K4BKkLaCI

Richard's $.02 :munchin

[fng13]

I would also question how well those polled even understand how an economic collapse would impact them or what it could mean for the country and the world as a whole.

I suspect that this is just another example of how the majority of citizens don't
understand how major issues may actually impact their lives.What I am suggesting is that many polled may believe the economy is going to collapse but are non-chalant about it because they don't actually know what that could mean, and/or do not think that it will effect them in any way other then gas or something similar will cost more.

I am not suggesting a collapse is not eminent only that I would question the knowledge of those who compose the poll.

Even as a young inexperienced man from B.F.E. I can't believe how many people my age and older than me don't grasp how issues outside of their small world could actually impact their lives significantly. Their is such of a sense of "oh who cares it will work itself out, we live in America nothing bad could happen here, to me etc. etc."

Sorry if that is too far off topic.

[armymom1228]

I.

Hang in there. The pendulum is already swinging back. The challenge will be to fix the problems that are being caused by the present administration.

I think the bigger question is, can the populace hold the angst/anger they feel now and channel it into voting out the current majority in November. Can the country as a whole swallow what we truly need to do to balance our budget, to protect our shores and to bring us back to political and economic prominance again?
AM

[afchic]

Off topic a bit, but still relevant. Yesterday the IL House of Representatives voting to go to 4 day school weeks for all schools in the State. The measure now goes to the State Senate. Apparently this will be some sort of cost saving measure.

First of all, the kids still need to be in school the same number of hours every year which means the school day will increase, or the length of the school year will. How is this saving money anywhere?

How about consolidating school districts (I pay for 3 in my little town of 30K. One district is for the elementary-Jr. High, One is for the single highschool, and the other is for the community college) so that you only have to pay one administration. Our school superintendants make almost 200K. That 200K saved could go a long way in keeping kids in a school on Fridays.

We can't afford to educate our children properly, but how many pieces of jumnk mail have you recieved about the Census? I have received 5 (3 informing me the Census is coming, 1 the actual Census, and 1 after I filled it out, reminding me to fill it out). I wonder what the cost of that is?

Rant Off.

[Sten]

First of all, the kids still need to be in school the same number of hours every year which means the school day will increase, or the length of the school year will. How is this saving money anywhere?

Rant Off.

Running the facility costs money, close it for a day and you (in theory) save 1/5 of that cost.

[Utah Bob]

Polls will be the death of us.

[Team Sergeant]

Off topic a bit, but still relevant. Yesterday the IL House of Representatives voting to go to 4 day school weeks for all schools in the State. The measure now goes to the State Senate. Apparently this will be some sort of cost saving measure.

First of all, the kids still need to be in school the same number of hours every year which means the school day will increase, or the length of the school year will. How is this saving money anywhere?

How about consolidating school districts (I pay for 3 in my little town of 30K. One district is for the elementary-Jr. High, One is for the single highschool, and the other is for the community college) so that you only have to pay one administration. Our school superintendants make almost 200K. That 200K saved could go a long way in keeping kids in a school on Fridays.

We can't afford to educate our children properly, but how many pieces of jumnk mail have you recieved about the Census? I have received 5 (3 informing me the Census is coming, 1 the actual Census, and 1 after I filled it out, reminding me to fill it out). I wonder what the cost of that is?

Rant Off.

For those that "think" it just the polls pushing an agenda:

Brewer: We have absolutely no money
Governor pushes support for 1-cent sales tax in election
By JACKIE LEATHERMAN
Today's News-Herald
Published Friday, March 5, 2010 7:08 AM MST

Gov. Jan Brewer campaigned for voters to pass a temporary sales tax increase in an upcoming May election during a luncheon visit Thursday in Lake Havasu City.

Arizona’s checkbook is overdrawn, the credit card has been maxed out, and we’ve mortgaged the house,” the Republican governor said. “You all know exactly what that means. We have absolutely no money. That’s why it is so important that Prop 100 is addressed and passed.”

http://www.havasunews.com/articles/2010/03/05/news/doc4b90901d0daeb432844252.txt

Please indulge me and enlighten me as to what part of cutting a childs education to four days a week and a state that is out of money does not equal a potential collaspe of our American financial system?

These are the indicators (extreme measures) that we are in for a possible collaspe. Almost every state is seeing cuts such as these because there is no tax base to collect monies from and hussain & his socialists spend another trillion dollars.

I really think the only way to stop this freefall is to impeach the current clueless, inexperienced, narcissistic socialist "Teleprompter Reader" and remove him from office before the world loses confidence in the United States of America.

A village idiot is at the helm and we are going to pay dearly for that mistake.

IMO if we (America) keeps "giving" (making extreme sacrifices) the current federal government will just keep spending.

Team Sergeant

[PedOncoDoc]

Off topic a bit, but still relevant. Yesterday the IL House of Representatives voting to go to 4 day school weeks for all schools in the State. The measure now goes to the State Senate. Apparently this will be some sort of cost saving measure.

First of all, the kids still need to be in school the same number of hours every year which means the school day will increase, or the length of the school year will. How is this saving money anywhere?

How about consolidating school districts (I pay for 3 in my little town of 30K. One district is for the elementary-Jr. High, One is for the single highschool, and the other is for the community college) so that you only have to pay one administration. Our school superintendants make almost 200K. That 200K saved could go a long way in keeping kids in a school on Fridays.

We can't afford to educate our children properly, but how many pieces of jumnk mail have you recieved about the Census? I have received 5 (3 informing me the Census is coming, 1 the actual Census, and 1 after I filled it out, reminding me to fill it out). I wonder what the cost of that is?

Rant Off.

And they think this will hlelp how? Who will watch these children unless they also proposed a 4-day work week?

Should this get moved to a separate thread?

[The Reaper]

Maybe the answer is what you and I woiuld do if we were in the government's place.

CUT BACK ON SPENDING.

Instead, we seem to be enlarging entltlements and government giveaways while crying about a lack of revenue.

A predictable consequence of this Health Care bill (and of the Cap and Trade bill pending), is going to be a net loss of jobs. There is no free lunch. These new programs simultaneously decrease tax revenues and increase government spending on welfare and support payments.

I honestly don't think our political leadership gets it, or wants to get it. Time for a leadership change.

TR

[PedOncoDoc]

Instead, we seem to be enlarging entltlements and government giveaways while crying about a lack of revenue.

A predictable consequence of this Health Care bill (and of the Cap and Trade bill pending), is going to be a net loss of jobs. There is no free lunch. These new programs simultaneously decrease tax revenues and increase government spending on welfare and support payments.

I honestly don't think our political leadership gets it, or wants to get it. Time for a leadership change.

TR

Here is a more sinister thought on the matter:

Perhaps they know exactly what they are doing and intend to drive everything into the ground until the only possible solution is for the government to oversee/control everything?

I personally believe the health care reform, if put into action, will cause a rapid failure of our health care system - and, just as with with automotive industry, our government will do the "noble" thing and step in. Whether or not that is the intent of this bill is still unclear. :mad::munchin

[Team Sergeant]

Maybe the answer is what you and I woiuld do if we were in the government's place.

CUT BACK ON SPENDING.

Instead, we seem to be enlarging entltlements and government giveaways while crying about a lack of revenue.

A predictable consequence of this Health Care bill (and of the Cap and Trade bill pending), is going to be a net loss of jobs. There is no free lunch. These new programs simultaneously decrease tax revenues and increase government spending on welfare and support payments.

I honestly don't think our political leadership gets it, or wants to get it. Time for a leadership change.

TR

Here's another issue that's going to leave a mark next year, declining property taxes. As the bank owned houses hit the market and more and more fall into bankruptcy it's destroying property values. I've seen well over a 50% loss in home value.

Now jump to next year. The good news, I will be paying 50-60% less in property taxes to the state which begs the question, is my state ready to lose another 50% in tax revenue? Right now Arizona has a 10% cut in every department it supervises, a 50% cut will place this state into bankruptcy.

The Feds do not have any money to bail out the states.

The up side is I/we will be paying more in federal taxes thanks to socialists and I know we'll just give that money to those in bankruptcy proceedings and illegal immigrants.

Brilliant.

This is going to be much more painful in just 12 more months.

TS

[afchic]

Here's another issue that's going to leave a mark next year, declining property taxes. As the bank owned houses hit the market and more and more fall into bankruptcy it's destroying property values. I've seen well over a 50% loss in home value.

Now jump to next year. The good news, I will be paying 50-60% less in property taxes to the state which begs the question, is my state ready to lose another 50% in tax revenue? Right now Arizona has a 10% cut in every department it supervises, a 50% cut will place this state into bankruptcy.

The Feds do not have any money to bail out the states.

The up side is I/we will be paying more in federal taxes thanks to socialists and I know we'll just give that money to those in bankruptcy proceedings and illegal immigrants.

Brilliant.

This is going to be much more painful in just 12 more months.

TS

You're lucky, Thanks to IL politics, they will just increase property taxes for those of us that have been responsible. My county covers East St Louis, so you have a realtively affluent area being taxed to the hilt to support East St Louis. To what avail? All East St Louis is, is a bunch of empty buildings, crappy houses that no one takes care of, and government housing. There is no revenue in that area, they don't contribute to anything, but use the most amount of tax revenue.

Buying that little island in Honduras near Roatan is looking better and better!! :)

[LarryW]

The following timeline scares the crap out of me:


2010 mid-term elections
2011 work-ups to 2012 elections
2012 elections (ITE the world doesn't end)
2013 work-ups to next mid-term elections
2014 Obamacare hits and there's another mid-term election
2015 work-ups to next Prez election
2016 yet another Prez election

I started a summary of what I think are going to be the scenarios (political, foreign policy, domestic, and economic) over the next 10 years. So far the only thing I've accomplished is scaring myself half to death. The scenarios include a new world currency based on a Chinese Yuan and Russian Ruble, a military/economic alliance between Venezula, Mexico,most of Central America, and Cuba, the collapse of the Euro, the rise of a New Socialist Party and a Nationalist Party, and a 25% unemployment rate.

I have to get a day job. Anything.