Wednesday, April 02, 2008

Get Perspective. We Are Not In A Recession.

but not so - the American economy is not in a recession. Obama thinks he knows, the confidence in his declaration is simply mind boggling. He and the media are fueling a potential recession based totally on feelings. Most Americans feel as though we are in a recession. But did you know?
"During the 2000 election, with Bill Clinton as president, the economy was viewed through rose-colored glasses. According to polls, voters that the country was in a recession. Although the economy started shrinking in July 2000, most Americans through the entire year thought that the economy was fine."
This is a must read in order to gain and retain an accurate perspective as to where things are at currently in the United States economy.

A recession is not a feeling. Economic recession is a statistical fact. Keep the proper perspective. We are not in a recession!

1 comment:

-V- said...

SO agree with this, and have shared frustration lately about how media seems to be pushing us TOWARD a recession by perpetuating and thriving on fear...

How ironic though that feelings (particularly fear) can contribute so much by causing people to make different financial decisions than they normally would. Really, I wouldn't doubt if a lot of the negative messages have political motivation: "the sky is falling so, quick! get the current administration out of office and vote for Obama."

I'm not saying that economic woes are imaginary - or that they're fully caused by politics; just that they seem to be made worse by these factors.