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Economic Chaos - How We Arrived
July 1, 2008 | Let Your Minds Speak
The current state of the US economy: gasoline prices, food prices, declining wages and rising unemployment, the weakening dollar, housing market and auto industry slumps — and on it goes. These are the topics of discussion on the myriad of daily financial news programs by so-called “financial experts” debating whether we might be in the midst of, or headed for a recession — while the middle class considers the throws of depression — mental and economic.
How did it happen? How did we, one of the richest nations on earth, slip to this low economic state?
I am by NO means an economic wizard, rather more like a mentally challenged economist. However, after watching another of many financial discussions on a cable news program, and hearing one of the economists or financial advisers or whatever (idiot comes to mind) make a comment something like this; “…rising fuel costs will in no way affect the economy…” (WHAT?), I began to feel like maybe I wasn’t so economically ignorant after all.
I do not recall who he is, but I cannot fathom that someone who supposedly knows enough (in someone’s eyes) to be invited to appear on a national television broadcast could be so short sighted. It is that guy whom makes me feel that my two cents might actually be worth more than his $100.00 opinion. I’m sure he was paid at least that much, even while making such an idiotic comment; not to be name calling — but come on!
In this blog, more specifically this category: The US Economy, I will attempt to articulate my thoughts, as simplistic as they may be, on this topic… and later, others.