53 percent of Americans think that it is likely that the U.S. will enter a depression like during the 1930’s, according to a new poll by Rasmussen.
Senator Specter thinks so also, saying:
Our economic problems are enormously serious, more serious than is publicly disclosed. And I think we’re on the brink of a depression
ABC News suggests that Specter is talking gloom and doom for political reasons:
Sen. Specter is fully aware of the vulnerability on his right flank [for supporting Obama’s budget] which may be why he painted such a dire and mysterious economic outlook when speaking with reporters.”
I wish that all of the fears of a depression were unfounded, or political hype.
However, many experts actually agree with Specter.