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December 8, 2008
Selling the next recession
I dunno why the media is so excited about the coming of the next depression, but they're pushing for it as hard as they ever pushed for "Global Warming". Part of it is just their ordinary fear mongering, "if it bleeds it leads", "the sky is falling", etc. But the bigger part of it, I think, is that they're in the tank for Obama and want be sure to paint any economic downturn during his administration as being an inevitable byproduct of the Bush regime. Only some people are looking around and they're not seeing a recession, much less a depression.
http://bluecrabboulevard.com/2008/12/07/whats-wrong-with-this-picture-10/
Please click the link and look at the pictures of mobs - more than mobs - of people shopping in London. My wife, youngest son and I went out today to pick up a pair of boots my wife had ordered. We got to the store about two minutes before it was set to open. There was a mob of close to 100 people waiting for the doors to open. When they did open the doors, it was a non-stop flood of people into the store. It got more and more crowded as we picked up the boots and a few other things. When we went to get lunch, all - and I mean all - of the restaurants - were packed and the malls were crazy - cars and people everywhere. Traffic was insane.
What is wrong with this picture? Where is the crisis, exactly? Are there real problems with the economy - sure. Are they the end of the world as we know it? I have real doubts about that. So should you.
Posted by Rob Kiser on December 8, 2008 at 9:12 PM
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