'Mourning' in America: What must be done about a depressed nation
August 10th, 2011
03:27 PM ET
10 years ago

'Mourning' in America: What must be done about a depressed nation

Washington (CNN) - As the Broadway musical "Anything Goes" says, "It's always darkest just before they turn on the lights."

Recent polls confirm that the country is desperately looking for those lights amid continuing economic malaise. But positive signs are hard to find


Filed under: Economy
soundoff (26 Responses)
  1. diridi

    GOP game....that's it....Downing of stocks are nothing but Manipulation of GOP, none of the rich lost, while Middle Class lost....just know this...

    August 10, 2011 03:35 pm at 3:35 pm |
  2. Rick McDaniel

    Stop crying in your milk, pull yourself together, and hold tight.

    August 10, 2011 03:37 pm at 3:37 pm |
  3. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    Recent polls confirm that the country is desperately looking for those lights amid continuing economic malaise. But positive signs are hard to find
    Obama's resignation and/or withdrawal from re-election would cure the "economic malaise". Until then, we literally hold on by our fingernails until Nov. 2012 and then until Jan. 2013 hipoing and praying we still have a country and economy left to salvage.

    August 10, 2011 03:43 pm at 3:43 pm |
  4. gt

    its everyday something bad happen to the us....ck your stocks today..off course your concerned..

    August 10, 2011 03:48 pm at 3:48 pm |
  5. Sniffit

    Good choice with "Anything Goes"...it's precisely that freekin attitude with respect to Wall Street and the banks that got us into this mess in the first place.

    August 10, 2011 04:01 pm at 4:01 pm |
  6. one voice

    Now do you clowns that support the crooks on the right see you were voting against your own best interests. They blocked 240 bills in the senate that would've saved us from the demise we have today. I hope you're happy. THANKS ALOT

    August 10, 2011 04:06 pm at 4:06 pm |
  7. Tea Party Mike

    I would like to have hope that things will get better sooner, that there is a light at the end of the tunnel.
    But then I am reminded again today that how far from reality that Obama and the Democrats are concernig creating jobs.
    At today's WH briefing, the Wall Street Journal put this to Carney.
    "I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs," Wall Street Journal's Laura Meckler asked Jay Carney Wednesday's WH briefing.
    Carney acks like it is a stupid question and claims there are few ways to infuse more money into the economy than to give people who are not getting a pay check money they will spend. He claims this grows the economy and could create 1 million jobs.
    This logic only works if the person getting unemployment had a job that paid them nothing before they lost their job. If a person loses their job, they get unempolyment that pays them only a portion of what their old job paid them. Since they have less income coming in and have no idea when they may find their next job, they become much tighter on how they spend their money. They spend a lot less than when they had a job, they spend only what they have to pay the bills and eat, only what is necessary. When people lose their jobs and collect unempolyment, the amount of money being spent in the economy shrinks, not increases. It would shrink even more if not for unemployment, but no way does it grow the economy and create jobs. Unemployment is necessary, I support it, but it does not stimulate, it is damage control at best.
    Carney claims it will create 1 million jobs. That is a fantasy.
    In the mean time Obama and the Democrats contiue to turn a deaf ear to what job creators all over America say is the real problem. Too much government regulation, especially over the last 2 and a half years, business taxes that are too high and too much to much anti business rehortic from Washington. The business world needs Washington to get out of the way.
    It is hard to find any hope when Obama lives in a fantasy world and turns a deaf ear to those who really create jobs.

    August 10, 2011 04:14 pm at 4:14 pm |
  8. A real American

    That's because they're trying supply-side solutions on a demand problem. Remember what happened when they cut spending in 1937? 4 more years of depression. Keep voting for the corporatist dems and reps and this is what you get.

    August 10, 2011 04:15 pm at 4:15 pm |
  9. keesa22

    What yall want the president to do when its munipulation in the market and a childish congress.i guess blame obama.

    August 10, 2011 04:18 pm at 4:18 pm |
  10. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    It certainly doesn't help the country's psyche when some economists predict that the U.S. could face a double-dip recession. The Fed appears to have signaled surrender by telling banks it intends to keep interest rates near zero for the next two years.
    HEY SNIFIFIT!!!! What did I tell you a couple weeks ago???!!! (just before I pulled all my money OUT of the market)

    Didn't believe me then, but do you believe me now? Welcome to the Obama double dip recession.

    August 10, 2011 04:19 pm at 4:19 pm |
  11. bill

    You mean saying hope and change doesn't cut it anymore?

    August 10, 2011 04:21 pm at 4:21 pm |
  12. Dominican mama 4 Obama

    Breathe through your nose and suck it the hell up America you brought this on yourselves, and just when we were starting to see things slowly coming back you invite the thieves back into the house!?!
    WHAT were you thinking, only God knows!
    We've become a waa-waa club. Crying all the time whilst being totally incapable of making good decisions for ourselves.
    We finally have a President that with a little bit of support could've pulled the economy further away from the cliff but we went ahead and fell for the GOPTea hype and brought them back in to finish the job they started under Bush. And finish it they did. So stop crying America. Keep reading and listening to your FOREIGN owned American media outlets, and don't forget: they say it hurts less if you breathe through your nose!!!

    August 10, 2011 04:21 pm at 4:21 pm |
  13. New Age Independant

    @ diridi "GOP game....that's it....Downing of stocks are nothing but Manipulation of GOP, none of the rich lost, while Middle Class lost....just know this."

    Such delusions... If the GOP had the power to manipulate the stocks to such a huge degree, don't you think they would have had them skyrocket while Bush was President in the year before the last election? Do you really believe the garbage you spout?

    August 10, 2011 04:23 pm at 4:23 pm |
  14. Julie

    Yes, we're depressed. We have leaders that do not believe in pragmatic problem solving but in an ideology. IDEOLOGY HAS NEVER SUCCESSFULY RUN ANYTHING! Our 401k's are in the toilet. Nobody cares about the middle class – and that's too bad, because as the middle class goes, so goes America's economy. The wealthy cannot keep up production with what they buy, because there are so few of them, the poor can't afford to buy things – that is why you need a strong middle class. I just wish our congress would get an --- clue!

    August 10, 2011 04:25 pm at 4:25 pm |
  15. vic , nashville ,tn

    Big mess yap

    2004, 2005 many raise their voice about our future did any one listen no

    Now same people are saying we need balance approach end these two wars asap are we listening now no

    How much money republican pour into Wisconsin recall election to holds the power they didn’t feel the recession

    We are talking about cuts at the same time we spend more money one elections

    August 10, 2011 04:32 pm at 4:32 pm |
  16. B

    A good start would be voting out the Tea Party Republicans and their leaders, they are absolutely destroying the Congress and our economy.

    It also would not hurt if Obama would Do Something to instigate some jobs programs NOW and stop letting the Extremest right wing take over everything !

    I thought that we had elected a President with a backbone..... No more endless Mr. Nice Guy – the Republicans have no intentions of co-operating, they are getting what they want without it.

    Get real Mr. President.

    August 10, 2011 04:32 pm at 4:32 pm |
  17. bill

    After the past week on wall street, have we 'paid our fair share' yet?

    August 10, 2011 04:34 pm at 4:34 pm |
  18. Tony

    Day of Financial Reckoning,

    Since Congress is even less popular than the president , the entire Congress should resign. This will solve all of our problems immediately.

    August 10, 2011 04:37 pm at 4:37 pm |
  19. The Greedy Old Pigs have declared class war on US!

    How about showing some compassion for the poor and middle class, who through no fault of their own are being asked to make sacrifices to cover the butts of the corporate welfare queens and the ultrarich who privatize profits and socialize losses onto the backs of average Americans? Until we start caring more about the needy and not the greedy we are a failed state. A very un-Christian one, too, I might add.

    August 10, 2011 04:41 pm at 4:41 pm |
  20. vic , nashville ,tn

    'fix' the debt problem. The more he tries to 'fix' things, the worse they get." Palin

    Is she has plan to fix this no

    August 10, 2011 04:45 pm at 4:45 pm |
  21. Anonymous

    the first thing we can do is lose Barry

    August 10, 2011 04:48 pm at 4:48 pm |
  22. S.positive

    Get rid of the right wing nuts,eg Tea party
    Invest in what rebuilds middle class and not sticking WALL street or gold,
    Invest in substance like products and infrastructure.
    IF NOT, AMERICA GOES DOWN THE PIPE LIKE UK high youth unemployment

    August 10, 2011 04:49 pm at 4:49 pm |
  23. Dominican mama 4 Obama

    @ John P:
    Nice try at trying to supress a dissenting and possibly intimidating (?!) voice on this site.
    CNN knows what it is doing. Fair and balanced goes BOTH ways John.

    August 10, 2011 04:54 pm at 4:54 pm |
  24. JOBS?

    The richest 2% in this country are only taxed 34%. Its been that or less since the Bush tax cuts. Congrss keeps getting raises not down sized or asked to retire earily or seperate from the military early to help "cut costs". The "job creaters" were bailed out by tax payer dollars , now they have less responsibility to pay for benefits that they owe to employees. With these assurances being paid for by their employees, where are the jobs?

    August 10, 2011 04:58 pm at 4:58 pm |
  25. Dominican mama 4 Obama

    It wouldn't be the first time doug that we are presented with an event and walk away with two completely different takes.
    I stand by my position that Obama did NOT make the statement you are giving him credit for. The video and the text speak for themselves.
    In regards to Ted Kennedy he was Obama's mentor particularly when it came to following through on his campaign promise of providing us with healthcare reform. You bringing up the Chappaquiddick incident was you being doug: off-base, off-topic, and off your rocker.
    Thank you.

    August 10, 2011 05:01 pm at 5:01 pm |
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