Changes

No, I do not think we are entering another depression.  I believe that the economy goes up and down in cycles.  I do believe that we are headed for some difficult times.  I also fear that our new president, Barack Obama, and his Democratic Congress, will try to enact even more social programs than FDR did under the New Deal.  To pay for these programs, I believe that they will raise taxes on people earning $125,000 or more per year.  (For some reason they believe these people are wealthy.)  However, those people are the ones that stimulate the economy. They are the ones who are more likely to purchase large ticket items, go on vacations, and attempt to start up businesses.

No, I do not think we are entering another depression.  I believe that the economy goes up and down in cycles.  I do believe that we are headed for some difficult times.  I also fear that our new president, Barack Obama, and his Democratic Congress, will try to enact even more social programs than FDR did under the New Deal.  To pay for these programs, I believe that they will raise taxes on people earning $125,000 or more per year.  (For some reason they believe these people are wealthy.)  However, those people are the ones that stimulate the economy. They are the ones who are more likely to purchase large ticket items, go on vacations, and attempt to start up businesses.