Wednesday, November 30, 2011
"Stocks are soaring in early trading after major central banks acted to avert a credit crunch." Do you really care? This will have absolutely no impact on what's in your pocket.
"200+ arrested at Occupy Los Angeles, 50 in Philly"
What a dichotomy, eh? The rich continue to get richer; the poor, poorer…and arrested. Perhaps the "Occupy [you fill in the blank] is contemporary societies version of the Civil Rights Sit Ins of the 50s and 60s.
No matter what it's characterized as, to me it is the clear outset of that oft tossed about phrase, "Class Warfare."
As you're probably aware, there is little, if any Middle Class left and notwithstanding the consumer spending spluge on "Black Friday," incomes are way down, and with that, of course, disposable income is down. Look forward to another raft of personal bankruptcies next year.
Sure there's so-called "good news" out there, but it's really not. It's quite superficial. For example, that "Jobless Claims" are down could be extrapolated to mean simply that companies/businesses need a minimum number of employees to continue in business.
We could have a ton of new jobs if President Obama had started his term with, well, some sort of job stimulation legislation. Sure, the "Stimulus" is reputed to have saved and/or added a lot of jobs, but had he focused on rebuilding our infrastructure, roads, bridges and so forth, there would have been many, many more and longer term on a levels of work, from the laborer to manament professional.
By way of disclaimer, I still support the President and will vote for him in 2012. However, if an intelligent, moderate, middle-class, ingenuous Republican with a strong, long-term Congressional background were on the other side, that would cause me pause and futher consideration.
My business used to be quite good, strong, and frankly, quite lucrative. No longer, but it gets us by. Clients with dough, however, are late pay. What are you going to do? Dun them? There's little loyalty there, save one or two.
My wife's business is doing okay though…she undercuts everyone on price, but she's not getting the "personal shopping" and "errand" business she wants – again, there's not much discretionary spending out there.
I don't really fear that our nation is becoming a "third world" member, but it seems it's getting damned close.
I used to think the economy was, in a sense, organic and notwithstanding the efforts and actions of the government, would generally right itself.
That is no longer my feeling. There are far too many to make whole these days. We are heading, or even in a very dark place; a place where, and I don't mean to be histrionic here, we could see some rioting in cities, if there are any cities left…Detroit, after all, looks like a deserted war zone.
I am grateful that both my boys are working and do well. I am probably grateful to be "above ground."
However, I am constantly and inordinately despondent about the state of our nation; angry with our so-called Legislative Branch (Congress) and disappointed in our President.