Saturday, November 01, 2008

Recession? Say what?

Open up a newspaper or turn the TV on to any news station and all you'll likely read or hear about is how bad the economy is and all the doomsday talk about being in a recession. Quite possibly things are so bad it might be the worst economic crisis since the Great Depression.

Say what!?! All of this seems a bit foolish to me. Might it just be possible that people are cutting back simply because they realize they don't have the money to buy things and they're tired of being in debt. Our economy promotes debt and living above our means, so when people are actually spending less and staying within a budget, suddenly it's a crisis? Seriously, how bad is 3/1o th's of ONE percent? That's the latest quarterly report of losses. 3/10ths of ONE percent. Give me a break.

Visit your local Walmart or mall on a weekend. I'm hard pressed to say that many people have changed very much at all. While some are certainly cutting back due to the 'recession', most are going on about their business as if the news has just gone off its rocker - which it has. Watch any political coverage and you'll immediately see how biased and negative the media is.

We went to the mall last weekend and it took forever and a day to find a parking space. The place was plum packed and what's of more importance was the number of bags, packages, and other items people were carrying around that they had just purchased. Recession?? Say what?

As John Stossel says, "Give me a break!"

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