Robert CaldwellWho said this recession would be quick?
July 3rd 2009 23:02
When the financial crisis took hold of the U.S. economy many economists forecast that this recession would be long and deep yet I still hear people talking about a quick recovery. COME ON PEOPLE.
The good news is just better than expected bad news let alone real good news. Consumer spending is still low by historical standards, unemployment is now at 9.5% nationally.
People are saving and preparing for the worst not going out and buying new TVs and cars. People are trying to figure out how to put food on the table. A 10 year old boy wanted to help his mom out so badly he tried to shoplift a loaf of bread and a box of Mac and cheese. He resorted to stealing because his mom had no money to feed her family.
These are not seeds of recovery and right now all we can hope for is that things don't get worse. I truely feel sorry for those less fortunate than I. Everyone deserves food and shelter regardless of how much money they have.
I'm fortunate to have a full time job working in retail that pays less than $10.00 an hour.
Robert
The good news is just better than expected bad news let alone real good news. Consumer spending is still low by historical standards, unemployment is now at 9.5% nationally.
People are saving and preparing for the worst not going out and buying new TVs and cars. People are trying to figure out how to put food on the table. A 10 year old boy wanted to help his mom out so badly he tried to shoplift a loaf of bread and a box of Mac and cheese. He resorted to stealing because his mom had no money to feed her family.
These are not seeds of recovery and right now all we can hope for is that things don't get worse. I truely feel sorry for those less fortunate than I. Everyone deserves food and shelter regardless of how much money they have.
I'm fortunate to have a full time job working in retail that pays less than $10.00 an hour.
Robert
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