President Roosevelt, the president from the last depression.
17,000 jobs were lost in January 2008. The real estate market seems to be slipping under with people unable to sell their houses. With the beginnings of perhaps the first recession since 2001, people like me figure that a depression may be on it’s way- whether or not this is true all depends on the future president.
The Nearby Future will be watching the presidential candidates starting in March ’08, making predictions and gathering information. Don’t forget to check back as we continue to investigate on the subject of recession and depression, and also as we analyze the presidential candidates of 2008.
I’m just hoping that none will promise to abolish poverty. The LAST time someone did that was Herbert Hoover, and we all know what happened after him. The Great Depression made the poverty level increase dramatically- talk about ironic. And when Harding made that same promise back in the twenties, the Teapot Dome Scandal occurred. Not the biggest problem in history, (definitely not as bad as the Great Depression) but still leads me to believe that saying poverty will be gone is jinxed.
-Rika
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Actually, Herbert Hoover was probably not the last president to promise to get rid of poverty. And besides, you completely missed the piece where we ‘ship’ all our jobs to other countries. People in America are being layed off for people in India that will do the work for a quarter of the pay. ‘sigh’ I don’t know, “Rika”. We might be headed for a depression. Let’s cross our fingers, eh?
[p.s.]
The Teapot Dome Scandal really had nothing to do with Harding promising to abolish poverty.
That IS a point I didn’t cover- the job loss- and it’s very perceptible of you to catch that. And the Teapot Dome Scandal didn’t have nothing to do with poverty- I just think that whenever a President tries to abolish poverty, something bad happens (i.e. the Great Depression or the Teapot Dome Scandal) that kind of says, “Hey! This is NOT possible!”
Great opinions, ‘DarkPrinceofAwesome’.
-Rika
Hehe. I’ve been told that several times. Maybe because I’m a master. Maybe not.
Probably not
Neither of you are anwhere close to how awesome I am!
World domination!
Vote Calister for dictator!
That’s all the persuasion I need.
That and a cupcake, of course.
[...] But the article we wrote back in February happened to have a correct prediction in comparing the oncoming recession to the Great Depression. [...]
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