Generally I avoid politics in my blog because I’m not especially political. This blog though, will contain political views, which are solely my own. Not Fred’s, not my Mom’s not my children’s. These are my political views and it’s okay to disagree, that’s the beauty of America.
I am fascinated by recessions and depressions. I think they happen when countries get too big for their britches and it’s like a giant spanking behind the woodshed. America, as much as I love her, has gotten too big for her britches and it seems like she almost deserves a good spanking.
I think we’re in a recession and I think it will go down in history as officially beginning in January of 2008. I don’t think it started in January. I think it started in November, becasue that’s when the price of eggs skyrocketed, at least in my local markets. I seem to remember some stock market problems back in November too, which is probably a more official way to determine if we’re in a recession or not.
I was always stumped by the way economists decide to use the official Recession Label. I know unemployment has to rise, fewer jobs have to be created and lots of stock market investors have to worry enough to sell off their stock and then the market goes down, a lot. There are other factors too, like inflation, sales figures and other things I don’t understand. When it all comes together officials look at the numbers and say “Oops, Recession”.
Right now stock markets all over the world, from Beijing to Australia to Great Britian are falling because of speculation that America might be in a recession. The problems with irresponsible borrowing and outrageous mortgage payments adds fuel to the fire and the rising level of unemployment confirms it.
I believe we are in a recession and I think it’s going to get worse. A lot worse. Since so many of our jobs have gone overseas the job market in America stinks. Our foreign relations policies have fractured our military. We have troops stationed in way more countries than I can count, pretending that we, America, are the police to the world. The arrogance in that just burns my tushie. The number of young people over in Iraq getting killed every day, and then the outrageous practice of sending them back again for 2, 3 and 4 tours of duty! Good heavens! I’m angry that these boys and girls, men and women are dying and losing their limbs. I don’t want to have a permanent base in Iraq and I’m angry that the government is heading down that route.
The rising cost of oil, which is mixed up with the Iraqi war in a way that I don’t exactly understand, is causing increased inflation. I’ve heard suggestions of $5 a gallon for gas. I hope it doesn’t go that high, but I don’t think it would surprise me. All of this misbehavior on the part of our government is catching up with them. And it’s affecting my bottom line, all of America’s bottom line.
I see somthing stronger and longer than a recession looming on the horizon. My cash is worth about half what it was a decade ago. Prices on many grocery store items and regular household goods have doubled. I admit to having only a rudimentary understanding of world economics and politics. I know an awful lot about running a household though, and if I ran my household the way the Government is running it’s household, then we’d be bankrupt within the week. I think this recession is a way of kicking the Government in the pants and telling them to shape up, cause until they take control of this situation, economically and politically, it’s going to go from bad to worse.
It’s like the Government is living on credit cards, using one card to pay off another, trying to consolidate them on a low interest card, but just fooling themselves and putting off the inevitable crash until it gets so big that there’s no avoiding it.
When I think about how many families are affected by circumstances like this, ugh, it turns my stomach into knots.
Well I’m done now, I’ve ranted and raged and now I’m content to go back to my happy little world of sewing, cooking, cleaning and child-rearing . When I take too much time looking at the big world it clouds my little world. And for the most part my little world is a really nice place to be. A way better place to be.
BTW, how much do eggs cost, per dozen, in your neck of the woods. The best price I can get for them is $1.69 dozen. A full dollar more than I was paying last year. Grrr! Arrgh! That spells recession to me.