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The "R" word is looming The Fed has it under control
Debate Score:18
Arguments:9
Total Votes:21
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 Recession (2)

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Is the US headed for a recession?


Recession is coming (www.marketwatch.com)

The "R" word is looming

Side Score: 15
VS.

The Fed has it under control

Side Score: 3
Vote Up Vote Down
4 points

Recession is coming. The problem is the Federal Reserve. Why on Earth does the U.S. allow a privately-owned bank issue its currency? Until the Federal Reserve is abolished the national debt will continue to spiral out of control, causing recessions. Want to know the answer? Watch the end of this amazing documentary:

Supporting Evidence: The Money Masters (video.google.com)
696 days ago
Vote Up Vote Down
2 points

The US is already in a recession. All the economic indicators already show this!

692 days ago
Vote Up Vote Down
2 points

I was going to say we're headed for a recession anyway, but the other choice makes mine the default anyway. There's no way in hell the Federal Reserve has this under control. Their solution to everything is to lower interest rates -> to lower interest rates the Fed has to print more money -> more money means more inflation since our currency isn't backed by anything -> we are left with a higher inflation rate than before, which was our problem in the first place! To say the Fed has this under control is like saying Rush Limbaugh has a liberal slant: it just isn't true.

603 days ago | Tagged As: Recession
Vote Up Vote Down
1 point  
We;re screwed and not all of us has the money to sit back and relax while the canadians come and buy our houses from under our beds. Gas prices are ridiculous, and everything else's getting more expensive.
751 days ago
- HGrey87(746) Supported
Vote Up Vote Down
1 point  

These were posted 55 days ago. I bet he's biting his tongue now, isn't he? :)

-

Though, it may end up much worse than a Recession. One estimate says we're in for an 87% devaluation of currency, compared to something like 29% in the Great Depression. Hope you're in the top 2%, guys :)

696 days ago
Vote Up Vote Down
1 point  

You kidding? The recession is here. Wake up and smell the value of the dollar.

673 days ago
Vote Up Vote Down
-1 points
The economic stimulus package combined with the aggressive rate cuts that the Fed has made will stimulate the economy and help the US to avoid a recession.
752 days ago
- BaseballNerd(20) Disputed
Vote Up Vote Down
2 points

The stimulus package will do nothing. Americans will use it to relieve some of their record credit card debt, not to spend it on new fancy toys. Even if they do actually put it back into the economy, $600 a person isn't going to do jack. And as for the rate cuts, those are in fact making our economy worse, not better. The Fed has been cutting rates for years, and nothing has gotten better. All the cuts do is create more inflation, which is exactly what we don't need.

603 days ago
Vote Up Vote Down
0 points

Staving off recession is not preventing it. It is inevitable as growth.

676 days ago
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