Thursday, October 29, 2009
The news is blaring about how the Recession is over.
Well, this is technically true. A Recession is marked by 3 quarters in a row of negative growth. As we have just had a quarter of growth, the recession is over.....
I'm not an economist and despite my admiration for a few of them I don't have a whole lot of respect for the study anyway. It's all theory, sometimes you can base a theory on history, but its still theory.
We base our perspective on our economy in this country on Gross Domestic Product or GDP, this is a number that comes out of analyzing the value of goods produced and consumer spending. This is taken from a bunch of numbers that are amassed and run through mathematical formulas on some genius' spreadsheet.
Liars like Maria Bartiromo go on about how what's good for Wall Street is what's good for Main Street. But we know this woman has no knowledge of history and is also married to one very rich honcho. Out of touch much, bitch? And Jim Cramer goes on and on and on about absolutely nothing. Gets everything wrong on every count and somehow we still ask him how we are doing...Like he fucking knows his ass from his checkbook.
But to my mind, there is only one true measuring stick to how well the economy of a nation is going. A simple two part question.
Does everyone who wants/needs a job have one and are they earning enough to thrive?
By thrive I mean, 3 meals a day, a decent roof over your head and the ability to save for an improved future for you and your family.
A simple question with a simple answer. Yes or No.
The answer is still a resounding NO.