I think that certain comments exemplify the experience or lack thereof of statements made about recessions. There is this air of omnipotence that accompanies such statements.
Lendingbubble, when I see a statement such as terrified of what it really makes me shake my head. It really scares me. However it also exemplifies a shortsightedness that borders on selfishness.
Do you want to bring on job loss for friends? For family or in laws? Do you want public programs to suffer? Do you want more cutbacks? Do you want municipal infrastructure to be reduced? Do you want to defer more maintanence? Do you want private investment to shrink up? Do you want to discourage smalll business? Do you want to see federal programs and extended welfare types of benefits? (cuz that IS what you will see)
Forget the preposterous assumption for the moment that you live in an isolated world that cannot be touched by a recession. To think that people who are close to you cannot be touched is quite unrealistic wouldn’t you say?
I will be the first one to say that this country, with a federally mandated drive to push consumerism to the ABSOLUTE limits, has essentially cornered itself. However I cannot sit and cheerlead us into a crash landing. Several weeks back myself and my engineering staff were laid off. We landed okay and are now gainfully employed again. How long will that last? Don’t know. Many other good engieers up in the silicon valley that I work with were laid off also. It is tough for them.
Does the country need this to survive? Perhaps. That is not my point of debate. What bugs me is the cavalier attitude. Bring it on baby. Okay man….. just keep that mindset in your memopry when a good friend or family member loses a job or suffers a hardship in the next few years.
Kewp – Besides my job job I have 3 small businesses. If you have ever run a small business then you may know how much work goes into it. Even in a good economy it is hard work. Running one in a slow economy is like… well it is really tough…let’s just leave it at that. I always encourage entrepreneur moves…it is not easy though…
