Your economic prediction (poll)

[Hannah Bell]

What's your prediction for the US economy over the next two years?

[Serve The Servants]

1. You forgot

Nation wins lottery, everyone pays off debt and retires.

[Cali_Democrat]

2. Meltdown of biblical proportions

http://www.youtube.com/watch?v=O3ZOKDmorj0

[Selatius]

3. Unless high-quality jobs are being produced to replace the lost jobs, not much improvement.

If there is improvement, it's probably done through heavy borrowing ... again, or some kind of invention of a new financial instrument with the goal of parting people from their money. That won't last long, though.

[burrowowl]

4. MAJOR MELTDOWN

Because the powers that be want it! After depressions the RICH always get richer. Kelvin Phillips: Wealth and Democracy.

[Raine]

5. Yes I truly believe that is their ultimate

goal. :-(

[CanonRay]

6. I beleive the present course is unsustainable

even over the short run. I expect a major meltdown in the next 12-16 months, possible sooner.

[NNN0LHI]

7. Americans will continue buying imported stuff until we are in a full fledged depression

And then those same Americans will wonder what happened and they will blame their lot in life on President Obama. Or any handy Dem.

And the rich will get richer.

Don

[marmar]

8. Prediction? Pain.

[TheKentuckian]

9. Continued and expanding debacle. I don't know if GDP will be affected for the negative

in the short term but wide spread prosperity and opportunity aren't in the cards with our current jacked up economics.

[Shagbark Hickory]

10. I would've said double dip up until yesterday when I got an offer in the mail for a GM credit card.

Then it dawned on me, we're right on track.
GM would make a great bank. :sarcasm:
So I voted for steady improvement.
If only we can get people back to living on credit cards and the equity in their homes, we'll be so super awesome again.

[MilesColtrane]

11. Depends on the outcome of the fight over the debt limit.

If the GOP forces the U.S. to default on its obligations we will see a cascading global economic meltdown.

If not, we'll continue to see stagnation similar to Japan's Lost Decade, but with higher unemployment.

[Starry Messenger]

12. Meltdown.

[Renew Deal]

13. Where's the option for "booming recovery?"

I'm not saying I would pick it, but your bias is showing.

[Fumesucker]

16. That would come under "other".. n/t

[Hannah Bell]

23. you're right, but i was tired when i created it.

[Tierra_y_Libertad]

14. A consumer economy without consumers doesn't provide a "recovery".

Particularly, when the government insists on spending it's (our) wealth on lost wars.

[theophilus]

15. Major meltdown has been predicted here for nearly four years. I guess eventually

someone will be right. I just wish many didn't seem so gleeful in spouting the dire doom talk.

[dmallind]

18. Yep - bunch of Kunstler wannabes saying "next year I'll be right"

I remember 18 months ago BEGGING the doomers to sell me DJIA at 4000 options when it as at 7000 or so and they were forecasting continued collapse. Slow - even very slow - and non-linear.

[Renew Deal]

19. They were already right in 2008.

I guess if they're here long enough they'll be right again.

[Hannah Bell]

22. i'm actually pretty surprised how many picked that v. how few picked "double-dip".

[jpak]

25. Doomer Fail

yup

[BOG PERSON]

17. i voted for the boring, non-apocalyptic option

"flatline for the foreseeable future"

[HopeHoops]

20. It depends. If the GOP gets it's way, nose dive. If they don't, strong potential for recovery.

There are already a lot of strong signs of recovery, but the GOP is doing everything they can to crush those and for only one reason - to try to get Obama out of the White House. The Republicans don't give a shit about the country or anyone in it except for the ultra-rich.

[OhioChick]

21. Meltdown n/t

[Hannah Bell]

24. wow, half for "major meltdown".