Well, TK asked six months ago whether the recession was really over. Obviously it's not over -- not by a long shot. So I figured I'd ask it again as a poll question. You'll have five choices:
Quickly Recovering: The economy is recovering very rapidly and we should see 5% unemployment (or less) by the end of Obama's first term.
Slowly Recovering: The economy is recovering, but the recovery will be slow. We should see 6%-8% unemployment by the end of Obama's first term.
Stagnation: The economy has stopped getting worse, but it's not getting better either. We will still have 9%-11% unemployment by the end of Obama's first term.
Slowly Declining: The economy is still deteriorating. Expect a 12%-19% unemployment rate by the end of Obama's first term.
Free-fall Decline: The economy is in free-fall. We are basically witnessing the end of the American way of life. Expect 20%-30% unemployment by the end of Obama's first term.
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I chose the last option. I think that 20% unemployment is going to be the new "norm" for this country. The days of us being a First World nation are basically over.