Is the Recession a Myth?

By Lenora Murdock, published Apr 02, 2008
Published Content: 734  Total Views: 1,497,337  Favorited By: 132 CPs
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I hear President Bush stand behind a podium, well fed, well dressed, and well rested saying that the economy is experiencing a "downturn, " that the economy is in the process of "correcting" itself. A weekend political pundit literally screams that we are not in a recession. His statements are based on some ivory tower, economic definition of "recession."

Politicians who wish to parlay with Republicans are quick to agree with voter's experiencing the pinch of difficult economic times. Though, they spend millions of dollars on campaigns. Their plan is to get in office and make sweeping reforms.

Only recently has the media begun to focus on prices beyond the gas pump. I don't know about you, but here where I live in subural Georgia we've been feeling that pain and more. It seems to have taken the media six months or more to pick up on the fact that food prices were going up. That's because of increased gas prices, or is it?

Our country is such a mess of political idealism and greed that it's hard to figure out who is telling the truth anymore. I'm not sure robbing the rich to give to the poor is going to do much to invigorate the economy. Especially when I see the poorest of the nation lined up at liquor stores and visiting drug houses. Maybe it is to ease the pain of a difficult life, but it isn't the answer to improving the general economy and culture of America.

Sometimes I see those who come to our non-profit for food, but have the money for beer, cigarettes, and lottery cards. Something is out of kilter in our nation.

I don't think the refusal of conservatives to acknowledge a recession is any benefit to the nation. You can call it a "downturn," "slow down," or "correction" all you want, but I see people around me losing jobs, day after day. Small companies, large companies, short term jobs and people who have worked on jobs for twenty years are sent home at the end of the day laid-off or fired.

Is the Recession a Myth?

Are your dollar's stretching or have they crumbled under the weight of the economy?

Credit: James Stewart

Copyright: FreeRangeStock.com

Takeaways
  • There is more than gas prices related to recession.
  • Is the U.S. government paying attention to the economics of middle class and blue collar workers?
  • Longterm economic growth is born of education.
Comments
Showing Comments 1 - 13 of 13
 
 
Well said, Lenora. Bush isn't worried about what you call it. He's just playing cheerleader until January, then he's off to Crawford to dictate the ghost written (no way you think that dumbass will write his own) memoirs that will undergo fifteen revisionist renderings before his publisher is forced to sell it as a work of fiction. But, then, hasn't his entire administration been one compleat work of horrendous fiction?

Posted on 05/03/2008 at 11:05:47 PM

 
I've noticed how prices keep increasing all the time, so it does appear that America is in a recession. Whenever I check news sites from home, the pound/ dollar exchange rate is no longer mentioned, as the dollar seems worthless in Europe these days in favour of the British pound and Euro. Sophie

Posted on 04/09/2008 at 9:04:52 AM

 
Very well written article.....times are very tough for us and everyone we know.

Posted on 04/05/2008 at 2:04:02 PM

 
Excellent points!

Posted on 04/03/2008 at 5:04:44 PM

 
I know many, including myself, who who are cutting back on spending. Until this "correction" corrects itself (not likely, I know), we'll rarely dine out or go to see movies, and buy off-brand products whenever possible. Gas prices certainly curb travel and thoughts of vacations as well.

Posted on 04/03/2008 at 10:04:59 AM

 
You touched on so many issues that face many of our friends today. Thanks

Posted on 04/03/2008 at 6:04:14 AM

 
yeah times are tougher for many

Posted on 04/03/2008 at 6:04:39 AM

 
Very well written and interesting article. Very good job.

Posted on 04/02/2008 at 9:04:27 PM

 
Very timely and well written piece!

Posted on 04/02/2008 at 6:04:28 PM

 
Then there's the price of milk, the price of utilities that just increased....when even Wal-mart raises their prices you know something is going on.

Posted on 04/02/2008 at 2:04:08 PM

 
With the high gas prices, jobs leaving more and more each year, house foreclosures...scary to think what is going to happen in the next 5 years !!!!!

Posted on 04/02/2008 at 11:04:56 AM

 
Interesting and timely.

Posted on 04/02/2008 at 10:04:15 AM

 
Grandad taught me recession is when your neighbor looses his job, Depression is when you loose your job. Maybe that's too simple for todays politians. Thank You fer sharin'. Mizpah. ;-}}>

Posted on 04/02/2008 at 10:04:30 AM

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