*POLITICS WARNING* Except for the part about remembering the '70s, I could've written all of this.

[kimana83]

"'Worst Economic Crisis Since The Great Depression'How many times are they going to tell us this? Over and over and over. It is like a mantra from the “Office of the President-Elect”. Since the economy is a beast that is easily frightened, Obama isn’t helping by repeating this over and over. He is creating a self-fulfilling economic outlook

Comments

[erikaerin]

My business coach this morning was saying that we've been in a recession since December of 2007 but until just this morning, the majority of the public didn't even know it. It certainly didn't stop them from spending 3% more this Black Friday than last year's. Now that the public has been informed of the recession, they're going to be spending less. They were better off before.

[kimana83]

How could they not know it? Every news broadcast, newspaper, and Obama speech has been full of gloom and doom for months. And according to the traditional definition of "recession" (two consecutive quarters of negative GDP), we weren't in one till just a month or two ago. Maybe your business coach uses a broader definition, like Obama, and, seemingly, everyone in the media does?

I wish people would spend less. If people had spent less for the past 20 years, we wouldn't be in this mess (or at least not as bad) right now. Buy what you need and can afford, not what you want. That would've kept the mortgage crisis from happening. It would have kept our national debt down. If people weren't so greedy, the Auto Workers Union wouldn't have bankrupted 3 of our country's biggest companies. Selfishness and greed is just so freaking rampant. I guess that's nothing new though - it's been happening since Adam and Eve ate the fruit. *sigh*

[katharhino]

*nodding* YES.

I just said this the other day. My in-laws insist on watching the news every evening and then commenting when the stock market is low again. "Oh wow, we are living in strange times" is their favorite comment. (Partly because they're really into end-times stuff.)

I keep trying to tell them, if you didn't get this information about the stock market, you wouldn't even know the difference. Why pay attention? It's up, it's down. Big whoop.

Ryan always says when people stop buying bottled water and $4 coffee, then maybe it's the BEGINNING of a real economic crisis. Until then, it's just words.

It's probably true that Obama is exploiting this, but he's not the only one. Politicians, car company CEOs, reporters, etc, etc, etc... all love this.

[kimana83]

"Oh wow, we are living in strange times" is their favorite comment.
LOL. My dad is kind of like that. He takes what the news tells him at face value most of the time, and is too busy to really think about it. It's not till he hangs out with Isaac, Mom and me, who often talk politics, that he realizes the news is misleading. He keeps talking gloom and doom, because the MSM does, when actually he and my mom are in a better financial situation right now than they were just a few months ago. (His job became full-time, when it had been on-call part-time.)

I'm with you on the stock market. I think that's just a legal form of gambling anyway, and all this up and down and then down again is sort of fitting. But yes, if we didn't hear about it all the time, we wouldn't know anything was wrong from our own lives.

Ryan always says when people stop buying bottled water and $4 coffee, then maybe it's the BEGINNING of a real economic crisis. Until then, it's just words.Completely agreed. When people start making real lifestyle changes, something

[chestnutcurls]

I agree!!

[kimana83]

Self-fulfilling prophecies annoy me. Hehe.

[arien_o_lindele]

I know. I bothers the fire out of me as well.

[kimana83]

I'm glad I'm not not alone!

[kimana83]

Oh, I know that there is a crisis - but I also realize that a) it's not as bad as the MSM wants us to think, and b) it's the fault of liberals! It was liberals who did not want to regulate mortgages and in fact made banks loan to high-risk people. It was the liberals who lined their pockets with money from Fannie Mae and Freddie Mac. It was the liberal auto workers' union that has bankrupted the Big 3 automakers. I know that Bush and his administration have spent far more than I like, but this current crisis is 99% the fault of liberals, and it makes me so mad that Bush is getting blamed for it!