Thursday, December 3, 2009

Depression 2009

1. Personally I cannot say that I think that situation will never happened because that is what everyone said in the 1920's and then it did happen. Do i think that it could happen very soon? I doubt it but you never know. From what i know the economy now is not that stable so anything could happen. Right now i feel comfortable with the people's hands that the country is in so I am not obsessing over it it or extremely worried. But yes, it has crossed my mind once or twice but i always hope for the better. Honestly, whose mind has that concept not crossed. 
2. My mother would probably loose her job because she is a waitress at a restaurant. But i am not sure if my dad would automatically loose his job because he is a electrician and the people who still need electricity would need my father also. He also is part of a union so it is harder for him to loose his job. If my parents did both not work we would most likely have to sacrifice everything because my family runs on a lot of materialistic things. We would most likely have to sell the cars, computers, televisions, etc.
3. The way he describes it is alot less than the depression in the 1930's. I do agree with him, i do believe that if there was a depression in 2009 it would be a lot less severe than  the one in the 1930's.

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