Thursday, March 13, 2008

Is it a Recession Yet?

Surely, somewhere hidden deep in the bowels of some unmentioned financial institution some economist is whispering the word recession. Well, lets see, a recession is described as negative growth in the GDP or (Gross Domestic Product) for at least two years. I won’t go into economics 101 but I will say with the worse job loss in the last five years, a dollar that has lost its muster and eggs that are high as hell…says yes, we are in a dreaded recession. However if you listen to conservative talk radio, something I love to do because those idiots make no sense what so ever and I get a chuckle, we are in a slighteconomic downturn. But if you are a productive member of society, liberal or conscious conservative, you know that your paycheck is not going very far. Gas is taking a bite out of your wallet, food prices are soaring, I personally paid 30 dollars for 3 bags of groceries last night, and even the peso is rising against the American dollar. Now the question is how McCain or Obama will address this problem before they head into this November’s election. I know Al Qaeda is trying to kill us. I know the war on terrorism is important. I understand we must stand firm as a nation. BUT, I want to know how in the hell am I suppose to be a productive citizen if I cannot afford to drive my car or buy groceries. But pssst, if you tune in to The Apocalypse Papers next week then you will see how to manage a micro-economy (that would be your budget)…and still save money. Trust me, I am already doing it.


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