How long do you think it will take for a real turnaround in our economy?

[Coexist]

Poll question: How long do you think it will take for a real turnaround in our economy?

Truthfully.

Using the assumption that Obama's stimulus package will pass.

[Warpy]

1. We're seeing a turnaround of sorts

that is mostly the result of incredibly bad news elsewhere on the planet, and that is the dollar has gained against nearly all currencies.

The dollar was at its lowest when Wall Street was crowing over record highs.

Once the bubble burst and people started to realize there was a huge problem out there, the dollar started to creep up again.

[Ikonoklast]

2. We have another wave of real-estate ARM's coming due this year.

This concerns me greatly. Those people have to try and get refinancing on a property that may have negative equity, and with the employment situation deteriorating on a daily basis, I won't be a bit surprised at another wave of mortgage defaults further undermining real estate values.


I give it four years before we see some real growth in the GDP to get us back to 2006 levels.

There is a lot of pain to go through yet.

[Coexist]

7. how long until people regain confidence? same amount of time?

[Ikonoklast]

11. I wish I knew the answer to that one.

If I did, I'd tell you and we'd both make a killing.

[Uzybone]

3. at least 2 years

[SheilaT]

4. I think we're in a speeded up

economic environment, and the recovery will be a little faster than is currently being predicted. I voted for two years.

[Believing Is Art]

5. I voted for 2 years

I think it will take 1.5-2 years before we see many jobs created from the stimulus. It will take more than 2 years to really recover, but I think things will start to trend up again in 1-2 years.

[Sarah Ibarruri]

6. 1 year if the free trade agreements are modified and outsourced corps are taxed thru the nose nt

[backscatter712]

8. One to two years.

I don't think we'll see a decade-long downturn like the 30's.

And part of the economic mess was because of Bush's mismanagement and malfeasance while he was president. Now that Obama's president, we'll start seeing some action to turn things around.

By the end of the year, things will still be messy, and the economy will still be sluggish, but there will be signs of improvement. Things will be far better by the end of 2010.

[hunter]

9. Never. The party is over.

Now all we can do is clean up the mess and build an economy that is sustainable.

Such an economy won't look anything like the toxic consumer economy we are leaving.

[eilen]

10. 15 years for Happy Days are Here Again. nt

[blues90]

12. I'm not very optimistic

I can't even say what the economy consists of now. The old term you can always fall back on a trade seems to be just that, an old saying far past all hope or caring.

I have no idea at my age what to re-train for and at this point I have decades to go to even catch up to the multitudes of people just joining the work force.

We can't go back and we can't continue on they way we are going so it looks bad and looks like we need to re-invent an economy and produce something here that people can afford to buy and do need.

The entire idea of a global economy seems to be geared and focused on cheap slave labor.

[EmeraldCityGrl]

13. We have to launch an entirely new economy, one that currently has no

infrastructure, trained workers or financial investment behind it. This will take optimistically three to five years for Obama
just to create the vision and "sell" it.

The dollar is in grave danger and that's not going to help the situation.

[jumptheshadow]

14. Eight to 10 years

The house has crumbled and we have to rebuild it from the ground up.

[Tesha]

15. Some major parts of the American Economy will *NEVER* recover.

The end of an empire is never pretty.

Tesha

[Tierra_y_Libertad]

16. The "recovery" will not restore the economy as it was.

Those days are gone and they ain't comin' back...to borrow from Springteen's song.

At best we are facing a sort of parity with the other industrialized economies which means that instead of being the "economic engine that drives the world" we will be on a more equal basis.

The possible good news is that necessity will drive us to abandon the neocon/neolib policies of world domination that have landed us in this mess and be forced to install real infrastructure like socialized medicine, education, and retirement.

[xchrom]

17. a long time -- and i'm losing confidence

that the vast majority of people will see any real help.

3 million new jobs won't stack up very well against the losses being made.

we're in this deep.

i hope i'm wrong.

[OhioChick]

18. No jobs= No recovery.

Until we see some renegotiations with NAFTA, CAFTA, Outsourcing/H-1B Visa Reform, WTO., etc., I don't expect to see any type of "recovery" any time soon.