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We are in a depression. The things we heard our now dead grandparents say about no jobs, a huge number of foreclosures and store closings we almost didn't believe at the time but we never expected them to get this bad.
We are in a depression. The things we heard our now dead grandparents say about no jobs, a huge number of foreclosures and store closings we almost didn't believe at the time but we never expected them to get this bad.
It's not that bad...at least not as bad as it was in the 1930s, not nearly.
People aren't starving. For4 the most part, even very poor people today have phones, government cell phones, televisions, plenty of food to eat, water, power, rent assistance, Bridge card food and pop money, etc.
In the 1930s some people were literally starving.
Nowadays, some people think they are disadvantaged because they don't have government-supplied cell phones, free housing and enough Bridge card (food stamp) money to keep them in meat and pop all month long.
I work with this population, I am not making it up.
You're not in a Depression yet, and won't be for a few more years. When your GDP drops to $11 TRILLION per year, you can say you're in a Depression.
And then you can wear the Depression Badge, which I sell for $14.95 plus Shipping & Handling. This unique accoutrement is hand-crafted by skilled artisans, and will looking stunningly outrageous on any outer-garment, letting the world know you are in a Depression and that you should receive tons of sympathy.
An economic depression (by definition) is when GDP drops 10% or when you are in a recession for more than two years. A recession is when there are two consecutive down quarters of GDP. Since we don't meet those criteria, we are absolutely not in a depression.
The very first line in the article makes it clear that we are not living in a depression, but we are living in fear. And the popular media is now capable of making us live in fear of whatever they want us to live in fear of. Communists, terrorists, depression, pedophiles, asteroids, zombies, anything that sells ad space.
a majority of Americans are experiencing so much anxiety over the state of the economy that they're losing sleep, experiencing relationship issues and getting angry.
The very first line in the article makes it clear that we are not living in a depression, but we are living in fear. And the popular media is now capable of making us live in fear of whatever they want us to live in fear of. ...
And what we fear is a self-fulfilling prophecy.
Very good post. If people want to live in fear, they can do that. I'd rather be optimistic and keep living my life.
Heck, even the real Great Depression wasn't as horrible as some people today seem to think it was, in some regards. I remember my grandfather saying, "Yes, times were tough...but we still worked and we still ate well. We made stuff last and we did without some things. But we still did all right."
People nowadays make the Depression out to be some sort of apocalyptic event that nearly destroyed the entire world. Americans need to get over it and get on with their lives, in some respects. Ignore the crap on TV that is just designed to play on base emotions.
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