Will gas prices cause a Depression?

United States
April 29, 2008 7:10am CST
Okay with things going the way that they are with the gas prices I would have to say we are in a recession, people begining to not be able to afford life's neccesities. With the gas prices still rising causing the cost of food and other services to go outrageous. God what do we do when the winter comes back and we have to heat our homes? I would say we are doomed to slide into a depression. The housing disaster, how many homeless will there be? The crime rate will go through the roof, people just trying to servive and feed thier families. What is our government thinking? How can they/we let this happen? But most importantly how do we continue to survive as a whole? What do you think?
1 person likes this
2 responses
@dragon54u (31651)
• United States
29 Apr 08
I don't know what I will do. I'm afraid of the same situation as you are. I need a job and can't seem to get one, even the temp agencies send me on interviews and the jobs always pick someone younger. Being at home for the past 18 years raising children then getting divorced, I haven't much to fall back on. One reason this economy is so frightening is because people haven't saved any money. It's been a spending spree for the past 20-30 years with no thought to the future. Not many people have financial cushions--one disaster and their lifestyles are destroyed. This government has been cruising through the years with blinders on, they have no idea what it's like to live like a normal person does. To them, hardship is letting go one of the gardeners. I don't know. I'm getting worried about it, too. I'm doing what I can to try to save as much as possible. I'm storing some food although I don't know why that would help me if I lost my house--at least it's a step toward self-help.
• United States
29 Apr 08
I believe most americans are in the same boat and some worse than we are. I know my job is secure but hubbies is not. I have been in the same house for 13 years and the thought of losing it scares the bejesus out of me. We have worked way to hard to have this come crashing down like this. I have one son left in the house which is 7 years old, we may be forced to move into the apartment in my father in laws home. It would save us lots and lots of money but in the same sense do I let my credit be slammed with a foreclosure? I have to hold on till I can not hold on any longer. This administration has put this nation into such debt that our great great great grandchildren will be feeling it. They call this FREEDOM? I call this a being a slave to the economy. Not knowing what to do it the hardest part. May god bless us all in survival and you my friend I wish you the best in life.
@dandj929 (424)
• United States
29 Apr 08
I work as a preschool teacher so as of June 6th I'm done working until the end of August. I am searching now for a part time job to hold us over until I start working full time again in the fall. Thank goodness my boyfriend has well paying job and he also works on the weekends doing side work to get extra cash. Things are tight with everyone. I hear everybody grumbling at the gas station as they are filling up their tanks. People can not afford to the gas to get to work to make the money the money to put the gas in the car. Let alone put food on the table and keep the roof over their head. These are scary times. I pray that everyone can keep their heads above water and make it through all this.