I have been following the news lately, and from what I've gathered, it doesn't look too good right now. Seems like a lot of people are being laid off and other things and it seems to be spreading.

I just want to have an open discussion of what you guys think of the current situation the U.S. economy is in.

How would you rate the U.S. economy right now?

We are in a period of slow growth. We are not in the begining of a recession. I think I did a post on this one lemme check...yes, here it is:

Shocker: Economists Say No US Recession

Check that out see what you think.

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We should invade their countries, kill their leaders and convert them to Christianity. -- Ann Coulter

the economy is great. everything is great under bush! yay!

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No, I'm serious. In all honesty, I am confused. At one end, people say that we are headed towards a depression for various reasons. At another end, I hear that we are in a period of slow growth or a light recession.

I recently graduated college, and I am having a tremendously difficult time landing a job in my field of study (computer science). And it is not due to laziness. I've been on numerous interviews, career fairs, etc, and it just seems like employers are becoming wary to hire right now, from talks with people at the job fairs, to friends and relatives. Seems like A LOT of people are having difficulty landing professional jobs.

I'm not collecting unemployment, however. I saved while working during college and I'm living off my savings right now. It looks like I will have to get a couple 'survival' jobs just to help my family out. Which I have no problem with, I just figured it would be easier to pay off my loans with a better paying job and live on my own. I am not a person who lives beyond his means, the only debt that I have is student loans, so this is why I am able to live off savings for now.

I'm not ashamed to say that I'm living with my parents right now, because to me it doesn't make much sense to move out on my own before I pay off my student loans. While I understand that going into debt is inevitable in our economy, I try my hardest not to buy anything on credit unless it is an absolute emergency, and even then I pay it off as soon as possible. I know that owing people money with interest is never a good thing!

So for me personally, I would say that the U.S. is in a recession, due to my personal situation. I know that others have a different situation than me and might see things differently.

Maybe this thread should be discussed as your personal job situation and how it reflects your view of the overall U.S. economy.

Not far from a Depression You can thank the boys in the White House for that.

It's the wonder of the world, and has been the engine that has driven exponential improvements in human living standards and well being for more than 150 years. Thanks to the growth of trade, it's contributing to the same outcome for hundreds of millions of people around the world in places that just a generation before were barely above subsistence level.

Oh, you mean what do I think about where we are this moment in the short term cyclical variations that are characteristic of all human affairs, including economic systems?

Short answer: We'll be fine, unless Congress and the next president really screw things up with really bad public policy. In which case economic growth will slow, as will the ongoing improvements in living standards and human well being. That slower growth is cumulative, so a small change means a big difference in where we and the rest of the world are in 10 or 20 years.

Given that a large share of the electorate has no memory of the 21 percent interest rates, double-digit unemployment, persistent inflation and energy shortages that characterized the Ford-Carter years, and that Congress is promising to reinstate the very policies that generated those conditions, it's likely that the next 25 years will not be as prosperous as the last 25. Sad.

1/2 of my entire old crew of friends have degrees in computer related fields.

1) What is your specialty, or what skills do you have?
2) What part of the country are you looking in?
3) Do you have any experience coding? Did you do an internship?
4) If you have to get a job you consider beneath your education, do it. When I graduated with my first degree, it was basically useless. I had find other jobs to support myself. Don't live off your savings.
5) Temp computer guys, usually the network dudes can find jobs, have you checked with any companies that specialize in this? Warning the pay is low: in the 20's.

Ixtellor

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George W. Bush "I don't think our troops ought to be used for what's called nation-building"

Blasphemy is a victimless crime.

The economy is not so good right now. However, it was really good the last several years.

Lets not forget Clinton left office in early 2001 as his administration was approaching a recession. Bush took over and 9 months later we had 9/11, the wars in Afghanistan and Iraq, Katrina, and other issues that effected the economy and still we had growth and less than 5% unemployment for most of his Presidency.

But the left has been saying things are near depression level for the last 8 years.

But look around, or haven't you noticed. Any spin about the last four years?

See, that's what I'm talking about. Get to an election year, and the media will talk down the economy if it is a republican in office, and talk it it up if it is a democrat in office, even when the opposite is true:

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We should invade their countries, kill their leaders and convert them to Christianity. -- Ann Coulter