Do you think that the American Economy will ever recover?

for the past 2 yrs I have been hearing frequent reports concerning the bad housing market, and every time I hear about how a lending company has failed or how the rate of foreclosures have increased substantially i lose the hope that we can recover. the other day watching Bush's press confidence I was pissed because he spoked as if nothing was happening when in fact we have experienced rapid inflation and high oil prices. when I heard about how many were rushing to Indy bank to save their savings it reminded me vividly of the Great Depression because that was how it all started, I was like please dont tell me me theres going to be a second generation econcomic Depression. Then when I read an article about how china will be the next world power by 2035 I lost total hope of a back to normal ecomomy. So do you think our economy will ever recover?