Fox News Poll: 79% Say U.S. Economy Could Collapse

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Fox News Poll: 79% Say U.S. Economy Could Collapse
By Dana Blanton
Updated March 23, 2010

foxnews.com/politics/2010…nomy-collapse/

"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)."

Rather interesting what little confidence people have in Obama.
 
I find it interesting that Obama has reached such lows in opinion poles in about a year, where it took two terms and a few wars to make people hate Bush.
 
Via_Dolorosa said:
Who do you think brought us to the edge?
Click to expand...
  1. Bush was not a conservative.
  2. Bush’s deficit was 1.2T at the end of 8yrs. Obama was 1.6T after 430 days.:eek:
If we do not stop the deficit spending we WILL colapse under our own debt weight.😊 It is inevitable.
 
GratefulDad said:
  1. Bush was not a conservative.
  2. Bush’s deficit was 1.2T at the end of 8yrs. Obama was 1.6T after 430 days.:eek:
If we do not stop the deficit spending we WILL colapse under our own debt weight.😊 It is inevitable.
Click to expand...
I see no way out of the current debt bubble except for depression or hyperinflation. The last depression was deflationary. If we’re lucky, that will repeat. If we’re unlucky, we’ll get a hyperinflationary depression.

I don’t give up all hope. Like a family on the verge of bankruptcy, we might pull ourselves out the fire through extreme austerity, new taxes across the board, and reduced entitlements for the foreseeable future. That guarantees economic stagnation, but perhaps avoidance of depression. One can hope. And pray.
 
More nonsensical fear mongering and zero historical context. Already, GM and Ford are ramping up production. Chrysler is planning a hybrid. The S&P 500 is paying dividends and if Steve Jobs wants to continue selling gadgets then nothing – and I mean nothing – is going to happen.

God bless,
Ed
 
edwest2 said:
More nonsensical fear mongering and zero historical context. Already, GM and Ford are ramping up production. Chrysler is planning a hybrid. The S&P 500 is paying dividends and if Steve Jobs wants to continue selling gadgets then nothing – and I mean nothing – is going to happen.
Click to expand...
How can you be so confident? 😊
 
JimG said:
I see no way out of the current debt bubble except for depression or hyperinflation. The last depression was deflationary. If we’re lucky, that will repeat. If we’re unlucky, we’ll get a hyperinflationary depression.

I don’t give up all hope. Like a family on the verge of bankruptcy, we might pull ourselves out the fire through extreme austerity, new taxes across the board, and reduced entitlements for the foreseeable future. That guarantees economic stagnation, but perhaps avoidance of depression. One can hope. And pray.
Click to expand...
We will not be able to dislodge the suckling mouths from the entitlement teat once they are attached.

Peace,
Dante
 
GratefulDad said:
Fox News Poll: 79% Say U.S. Economy Could Collapse
By Dana Blanton
Updated March 23, 2010

foxnews.com/politics/2010…nomy-collapse/

"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)."

Rather interesting what little confidence people have in Obama.
Click to expand...
Obama was a member of ‘Liberation Theology Church’ which was operated (by Jeremiah Wright,)
for twenty years.
look up Liberation Theology on the net. You can read all about. 🙂

bluelake
 
GratefulDad said:
  1. Bush was not a conservative.
  2. Bush’s deficit was 1.2T at the end of 8yrs. Obama was 1.6T after 430 days.:eek:
If we do not stop the deficit spending we WILL colapse under our own debt weight.😊 It is inevitable.
Click to expand...
When the heat is on the big ‘O’ everyone starts talking about Bush. Obama is in now, not Bush.
Be of good cheer, the ‘O’ will be out come next Jan. 🙂

bluelake
 
edwest2 said:
More nonsensical fear mongering and zero historical context. Already, GM and Ford are ramping up production. Chrysler is planning a hybrid. The S&P 500 is paying dividends and if Steve Jobs wants to continue selling gadgets then nothing – and I mean nothing – is going to happen.

God bless,
Ed
Click to expand...
None of what is happening in the financial markets surprises me. I had the opportunity to teach a few of the basic principles of credit and inflation to my students at a community college.

The United States government cannot solve this credit crisis because the government policies since 1913 are the problem. If, by some miracle, the government averts this financial panic, the crisis will arise as a larger problem later.

Is anything safe? The following is what I wrote six years ago:

The dollar will go bankrupt. Once our dollar is no longer the reserve currency of the world, we will become a third world country overnight. That has been my prediction since 1970. That is not actually happening today, and it may not happen tomorrow either. However, we are accelerating towards a one world currency. You know the rest of the story.
 
lil_flower_luv said:
How can you be so confident? 😊
Click to expand...
Here it is:

Lloyds of London anticipates a profit for 2010

businessweek.com/news/2010-03-19/lloyds-forecasts-profit-in-2010-on-strong-trading-update1-.html

Ford Motor increasing production

ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford26rsquos-us-sales-up-43-32079

General Motors adding shifts

sacbee.com/static/weblogs/photos/2010/03/building-cars-at-general-motor.html

Gloom and doom on TV keeps people from changing the channel.

And newspapers. How are you going to sell any if the headline reads:

“Things going fine. Recovery on track.” ?

God bless,
Ed
 
edwest2 said:
Here it is:

Lloyds of London anticipates a profit for 2010

businessweek.com/news/2010-03-19/lloyds-forecasts-profit-in-2010-on-strong-trading-update1-.html

Ford Motor increasing production

ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford26rsquos-us-sales-up-43-32079

General Motors adding shifts

sacbee.com/static/weblogs/photos/2010/03/building-cars-at-general-motor.html

Gloom and doom on TV keeps people from changing the channel.

And newspapers. How are you going to sell any if the headline reads:

“Things going fine. Recovery on track.” ?

God bless,
Ed
Click to expand...
All of that Obama money has to go somewhere. “The notion that it is possible to pursue a **credit expansion **without making stock prices rise and fixed investment expand is absurd (Ludwig von Mises).”
 
CPA2 said:
None of what is happening in the financial markets surprises me. I had the opportunity to teach a few of the basic principles of credit and inflation to my students at a community college.

The United States government cannot solve this credit crisis because the government policies since 1913 are the problem. If, by some miracle, the government averts this financial panic, the crisis will arise as a larger problem later.

Is anything safe? The following is what I wrote six years ago:

The dollar will go bankrupt. Once our dollar is no longer the reserve currency of the world, we will become a third world country overnight. That has been my prediction since 1970. That is not actually happening today, and it may not happen tomorrow either. However, we are accelerating towards a one world currency. You know the rest of the story.
Click to expand...
Thank you for your comments. Do you know how much it costs to keep one soldier equipped and fed overseas? If they bombed half of Afghanistan tomorrow and brought everyone home, billions would be saved, immediately.

A certain President said we could save billions of dollars by developing energy alternatives in the US, and keep the money here as opposed to sending it to the Middle East.

I was very surprised when, shortly after the meltdown, someone at Lehman Brothers made the odd coment: “How did we become so exposed?” Hello. Your professional business is to get up every day and watch the numbers. If I recall correctly, for every dollar they actually held, they owed 23.

The Savings and Loans scandal of the '80s. How about an Enron representative on Nightline who was not answering Ted Koeppel’s questions about energy prices? I don’t know if there really is such a thing as financial terrorism but many lives have been damaged, and has led to health problems.

Nope. They don’t wear robes or have titles as in the days of old, but it’s the same game.

God bless,
Ed
 
edwest2 said:
Thank you for your comments. Do you know how much it costs to keep one soldier equipped and fed overseas? If they bombed half of Afghanistan tomorrow and brought everyone home, billions would be saved, immediately.

A certain President said we could save billions of dollars by developing energy alternatives in the US, and keep the money here as opposed to sending it to the Middle East.

I was very surprised when, shortly after the meltdown, someone at Lehman Brothers made the odd coment: “How did we become so exposed?” Hello. Your professional business is to get up every day and watch the numbers. If I recall correctly, for every dollar they actually held, they owed 23.

The Savings and Loans scandal of the '80s. How about an Enron representative on Nightline who was not answering Ted Koeppel’s questions about energy prices? I don’t know if there really is such a thing as financial terrorism but many lives have been damaged, and has led to health problems.

Nope. They don’t wear robes or have titles as in the days of old, but it’s the same game.

God bless,
Ed
Click to expand...
“Those of us who place a high value on human liberty … find ourselves in a minority (and it sometimes seems a hopeless minority) in ideology… We are the true adherents of liberty… We are the ones who believe in limited government, in the maximization of liberty for the individual and the minimization of coercion to the lowest point compatible with law and order. It is because we are true liberals that we believe in free trade, free markets, free enterprise, private property in the means of production; in brief, that we are for capitalism and against socialism…”

Henry Hazlitt

Do you hold a different view?
 
A Fox news, er propaganda, poll has zero credibility…Fox news is NOT a news organization.
 
by Martin Weiss

For investors and consumers concerned about the creditworthiness of the U.S. government, take a hard look at the credit rating of your state and local government too.

Bottom line: Expect higher taxes, not just from Washington, but from state and local governments coast to coast.

In the meantime, while we don’t expect an epidemic of municipal bond defaults nationwide, investors must understand that there are growing risks creeping into these securities, thanks to the Great Recession and its ongoing aftermath. **Buyer beware! **

Washington’s message: “Damn the torpedoes! Full speed ahead! Give the public plenty of lip service about defending the greenback … but crank up the printing presses and run them 24/7!”

Have our leaders in Washington totally lost their minds?

Since when is it sane to ask investors — especially foreign investors — to lend you more money while knifing them in the back every time they open their wallet?

**Since when is it sane to believe that to solve a crisis, you must do more of the thing that caused the crisis in the first place?! **
Any way you look at it, our leaders are proving that …

If you’re going to grow richer,
you’re going to have to do it yourself.

If you plan to wait for Washington to solve our economic problems, you’re going to be waiting a long, LONG time. It’s time to take control of your own financial fortunes … **do what must be done to protect yourself and your family from this insanity … **and even USE it to grow your wealth.
 
edwest2 said:
Here it is:

Lloyds of London anticipates a profit for 2010

businessweek.com/news/2010-03-19/lloyds-forecasts-profit-in-2010-on-strong-trading-update1-.html

Ford Motor increasing production

ford.com/about-ford/news-announcements/press-releases/press-releases-detail/pr-ford26rsquos-us-sales-up-43-32079

General Motors adding shifts

sacbee.com/static/weblogs/photos/2010/03/building-cars-at-general-motor.html

Gloom and doom on TV keeps people from changing the channel.

And newspapers. How are you going to sell any if the headline reads:

“Things going fine. Recovery on track.” ?

God bless,
Ed
Click to expand...
Ed, there are some things we agree on. It is also good to keep in mind that poll results are greatly influence by the how the questions are phrased and/or asked. I’d be interested in knowing what were the questions in this poll, verbatim, and in what tone/manner they were asked.
 
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