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CNN: 48% believe a Great Depression is coming within a year
Hotair ^ | 06/08/2011 | Ed Morrissey

Posted on 06/08/2011 10:56:44 AM PDT by SeekAndFind

Alternate headline: Great Depression worries go mainstream. I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession. CNN’s latest poll shows an almost even split between Americans who expect a big collapse within a year, and, er, Americans who aren’t quite as worried about it:

President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll.

The three-point difference makes this a dead heat within the margin of error. Moreover, this is the most pessimistic survey result we’ve seen on the subject. In 2008, only 38% expected another Great Depression, which rose to 41% in 2009 shortly after Obama took office. In the two years of the Obamanomics recovery, it’s jumped seven points — which shows just how effective people believe Obamanomics to be.

His Osama bin Laden bounce has dissipated, CNN’s analysis concludes, especially among Republicans. Two weeks ago, 27% of Republicans approved of his performance, but that’s been cut almost in half to 14%. Independents have also started peeling away, with a five point drop in the same period from 47% to 42%. His overall approval rating dropped from 54/48 — apparently a math-challenged result in May from CNN that adds up to 102%, so I’m guessing that’s a typo for 54/46 — to 48/48 today.

CNN doesn’t break down approval ratings on the issues for Obama in this release (nor its sample breakdown, for that matter), but they did poll on which issues matter most to those voting for President in 2012. The ratings for “extremely important” show 51% selecting that option for the economy, followed by a tie at 45% between unemployment and health care. If 51% of people think that the economy is extremely important for their vote and 48% think we’re going to enter a Great Depression before they have a chance to cast it, that’s not exactly going to bode well for Obama’s re-election chances.

Maybe he needs to worry a little more about the economic backslide, or at least acknowledge it.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 2012; bhoeconomy; bhofascism; cnnpoll; debt; depression; economicwoes; economy; fundedbysoros; getreadyhereitcomes; government; greatestdepression; greatrecession; hopeychangey; liberalfascism; liberalism; nobama2012; obama; obamadepression; obamanomics; preparedness; preparenow; preppers; prepping; qe; recession; shtf; socialism; socialistdemocrats; soros; survival; survivalism; survivalping; teachers; tshtf; urbansurvival

1 posted on 06/08/2011 10:56:50 AM PDT by SeekAndFind
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To: SeekAndFind

It’s already here folks. Don’t expect a memo from the White House.


2 posted on 06/08/2011 10:59:34 AM PDT by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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To: SeekAndFind

don’t worry about qe2, or even qe3...watch for the contraction of the cash supply...depending upon the speed at which the cash supply is squeezed, we will either level out, and begin to climb back out, or do as hoover/roosevelt did, choke it off...if it is choked off, even gold and silver will be worthless...cash will be king...


3 posted on 06/08/2011 11:00:01 AM PDT by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: SeekAndFind

Change you can believe in....


4 posted on 06/08/2011 11:02:05 AM PDT by Sprite518
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To: SeekAndFind

We have been in a depression and I have said it for some time. It amazes me that people actually believe the government and their lying figures. They never tell the truth about anything, yet people accept their data as if it were gospel.

LLS


5 posted on 06/08/2011 11:03:53 AM PDT by LibLieSlayer ("Do you want to save America? Then start acting and THINKING like you do"!)
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To: SeekAndFind

“48% believe a Great Depression is coming within a year”

.....and Obuggery will get the blame.


6 posted on 06/08/2011 11:06:16 AM PDT by DarthVader (That which supports Barack Hussein Obama must be sterilized and there are NO exceptions!)
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To: LibLieSlayer

James Carville predicted it. The Barackolypse will happen when the welfare class stops getting free meals.


7 posted on 06/08/2011 11:07:49 AM PDT by MikeSteelBe ( "Failure to speak out against evil is evil itself" - Dietrich Bonhoeffer)
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To: NoKoolAidforMe

Yep! When the Fed is the largest buyer of government paper and the U6 unemployment rate is at Depression levels with no end in sight. Wars and rumors of wars. I’d say we’re pretty much living it.


8 posted on 06/08/2011 11:09:47 AM PDT by Tallguy (You can safely ignore anything that precedes the word "But"...)
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To: SeekAndFind

And the Feds will be sending their SWAT teams to collect their taxes and anything else you may owe them.


9 posted on 06/08/2011 11:13:28 AM PDT by RIghtwardHo
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To: SeekAndFind

Make no mistake, when it comes to economic prosperity, people’s beliefs can become self-fulfilling prophecies.

We can lay this squarely at the feet of President Obama whose economic leadership has consisted in bashing businessmen as a group, threatening more regulations on businesses, threatening tax increases on investors and sucking money out of the private-sector economy.

His policies are an adventure in failure. His refusal to acknowledge reality is extraordinary. His understanding of basic economics could be lost in a miniature thimble. He is, deservedly, the face of the Democrat Party.


10 posted on 06/08/2011 11:14:10 AM PDT by Ken in Eastman (Those who ignore history are destined to vote Democrat)
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To: SeekAndFind

Coming?
It’s already here.


11 posted on 06/08/2011 11:14:57 AM PDT by Lorianne (o)
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To: SeekAndFind
The Osama bin Laden bounce

May 1, 2011.........................................................................................June 1, 2011

12 posted on 06/08/2011 11:16:25 AM PDT by N. Theknow (The MSM is to 0bama what the Broom-n-Scoop Detail is to a circus parade.)
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To: SeekAndFind; Kartographer; melancholy

Melancholy, I promise I will ping you no more! (today)

Depression ties in with urban mayhem.


13 posted on 06/08/2011 11:19:06 AM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point. CSLewis)
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To: SeekAndFind

In a year? How about this summer!

If you haven’t already it’s time to prepare. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

I think that we are at the very least in for a collapse much like that of Argentina’s ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index), but as a armed society with a very large entitlement minded population our collapse will be much more violent and I see many many small business wiped out by flash mob looting, and large scale violence (look at what happened just this past Memorial Day weekend)and then there is this is going on in Chicago:”Emanuel said he spoke with McCarthy over the weekend and again this morning about the situation. The mayor said the city’s reputation as a safe place to work and shop downtown is being endangered by the thuggery. Many of the attacks are happening near the biggest tourist and shopping attractions in the city.

But, CBS 2’s Jim Williams reports, the problem of mob attacks downtown is much bigger than the weekend beatings, according to beat cops who wanted to remain anonymous.”

I see what I call ‘Pocket Pogroms’ taking place in many big ‘Blue’ cities and if you aren’t a “0ba_mites’ yute” it’s going to get Reginald Denny bad for you very quickly.

For those who haven’t prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:

http://www.tomeaker.com/kart/preparedness1i.pdf

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3


14 posted on 06/08/2011 11:24:06 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: SeekAndFind
So.....at the gas station, saw a guy with an 0bama sticker on his car.

So....I asked him, "What are you doing that you are so much better of than you were 3 years ago?"

Talk about pissing on a rattlesnake!

During his rant I kept saying, "Civility, civility."

15 posted on 06/08/2011 11:24:45 AM PDT by N. Theknow (The MSM is to 0bama what the Broom-n-Scoop Detail is to a circus parade.)
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To: little jeremiah

GOP jst shut up and let Team Obama go down in flames.


16 posted on 06/08/2011 11:24:45 AM PDT by scooby321
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To: MikeSteelBe
"Barackoylpse"

Exceptional. I may have to use that.

17 posted on 06/08/2011 11:25:07 AM PDT by greatplains
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To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...

PING!


18 posted on 06/08/2011 11:25:07 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: joe fonebone

The Patient Affordable Vampire-Care will see to it. The big re-distribution plan all along. Hard fascio-communism.


19 posted on 06/08/2011 11:25:54 AM PDT by Varsity Flight
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To: SeekAndFind

Brother can you spare a dime.


20 posted on 06/08/2011 11:31:57 AM PDT by Wiggins
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To: Wiggins
Brother can you spare a pre-1965 silver dime. (Updated for 2011.)
21 posted on 06/08/2011 11:45:13 AM PDT by OB1kNOb (My new business is great! I make prayer rugs w/ bombs inside. Prophets are going thru the roof!)
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To: little jeremiah
Melancholy, I promise I will ping you no more! (today)

That's not nice! I protest!

Depression ties in with urban mayhem.

This can be cured by going to the range near you.

22 posted on 06/08/2011 11:51:22 AM PDT by melancholy (Papa Alinsky, Enslavement Specialist)
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To: Wiggins

23 posted on 06/08/2011 11:54:03 AM PDT by SeekAndFind (u)
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To: DarthVader; 4Liberty; econjack; businessprofessor; John Locke; PGalt; socialismisinsidious; ...
.....and Obuggery will get the blame.

Wrong. Soros will crash the markets at such a time as the LLM (lying liberal media) will be on board to blame the Republicans. Perhaps when no deal is reached to raise the debt ceiling, for example.

Which reminds me: please consider calling your congress critters and asking them to pass a resolution prioritizing expenditures if the debt ceiling is NOT raised, starting with debt service including interest payments, social security and Medicare. Otherwise you know darn well they'll get away with deliberately hurting people (and the economy) and blaming the Republicans. These are truly evil bastards we have here.

24 posted on 06/08/2011 12:07:13 PM PDT by FreeKeys ("Do not ever consider Collectivists as 'sincere but deluded idealists'." -- Ayn Rand)
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To: SeekAndFind

Been here for a while now. Started under Bush, but he played kick the can for a year or so.


25 posted on 06/08/2011 12:15:56 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: OB1kNOb; Wiggins

Brother can you spare a C-note?


26 posted on 06/08/2011 12:21:14 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: SeekAndFind

We’re trending down, and Obama is ideologically incapable of any reversal of course. Hard to fault their logic.


27 posted on 06/08/2011 12:27:25 PM PDT by Buckeye McFrog
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To: MikeSteelBe

67 Trillion in unfunded mandates and 15 Trillion in debt... it will not go on much longer.

LLS


28 posted on 06/08/2011 12:37:54 PM PDT by LibLieSlayer ("Do you want to save America? Then start acting and THINKING like you do"!)
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To: N. Theknow
So.....at the gas station, saw a guy with an 0bama sticker on his car.

So....I asked him, "What are you doing that you are so much better of than you were 3 years ago?"

Talk about pissing on a rattlesnake!

Not many obummer stickers around Austin any more. We see a few here and there, but most are history.

I have a magnetic sticker I put on my pickup that says:

Are you better off than
you were before Jan 2009?

I get a lot of thumbs up from fellow commuters.

29 posted on 06/08/2011 1:03:11 PM PDT by Arrowhead1952 (zero hates Texas and we hate him back.)
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To: Kartographer

bump Prepare


30 posted on 06/08/2011 2:36:55 PM PDT by Taffini ( Mr. Pippen and Mr. Waffles do not approve and neither do I)
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To: SeekAndFind

There will be a QE3 or some kind of monetization. Government won’t shrink willingly.


31 posted on 06/08/2011 2:49:06 PM PDT by familyop (Rome was burnt in a day.)
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To: SeekAndFind

People in “developing” countries continue to use more fuel each year, BTW, so oil prices aren’t down much at all, either. One good outcome for the summer: quieter highways with very few RVs on them.


32 posted on 06/08/2011 2:54:55 PM PDT by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: greatplains

To The Tune Of “Ballrom Blitz” By Sweet:

BARACKOLYPSE

Life is getting so hard
living without things
that make us free.
And the world is getting so strange
I’d like to tell you everything I see.

I see the prez named Barack.
As a matter of fact he’s
as commie red as they come.
And AG Eric Holder
black power enforcer,
He thinks he’s an
untouchable one.

(chorus 1)
Oh yeah it was like lightning
everybody was frightening
And the music was soothing
and they all started grooving
Yeah yeah yeah yeah yeah

(chorus 2)
And the prez named Barack said
“Everyone attack” and it turned
into Barackolypse!
Glenn Beck the commentator said
“Boy I wanna warn ya it’ll
turn into Barackolypse!”

Barackolypse (4X)

I miss the Constitution.
Ignoring it is all they ever do.
When fascism takes over,
apparently there’s nothing left to do.

Now the prez named Barack
is ready to crack as his
teleprompter gets fried.
Glenn Beck the commentator
is everyone’s hater.
He could kill you with
a wink of his eye.

Oh yes it was electric
so frightfully hectic.
And the world stopped banking,
beccause the economy’s tanking.

Yeah yeah yeah yeah yeah

(chorus 2)

(instrumental)

(chorus1)

(chorus 2)

Barackolypse (4X)

It’s it’s Barackolypse (4x)


33 posted on 06/08/2011 4:52:21 PM PDT by MikeSteelBe ( "Failure to speak out against evil is evil itself" - Dietrich Bonhoeffer)
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