A Hardscrabble Times survey of leading economic indicators paints a fairly grim picture.
It started with a comment to this site a couple weeks ago asking “how’s that ‘hope and change’ working out for ya?”
I’m not sure at this point blaming anyone for this country’s economic woes is useful, much less blaming someone who politically inherited this situation. Economists now agree we have been in a recession since last December. We are where we are, and it doesn’t really matter how we got here.
Still, I’ve heard the stories and I have my own . . .
My college roommate who owns a small business in Denver has had to fire himself and take a position back in the corporate world in order that some of his employees may stay on their jobs.
In the Wet Mountain Tribune last week a man is pictured with a sign hanging from his neck advertising that he is a veteran and needs work.
An area veterinarian is struggling to make payroll.
A neighbor fears we are on the verge of social collapse because of the continuing loss of jobs.
One friend who manages a small ranch in Northern New Mexico drove to Colorado to buy hay. His hay supplier asked him to take a few horses home with him, then when he declined offered 150 bales of hay if he would just take the horses. My friend didn’t take the bait.
And this doesn’t count the ongoing whinings of my friends in real estate.
“The economy” — it seems everywhere I turn everyone’s talking about this bogeyman as if it is something that really exists. Sure, I know things are tough — I lost a job myself in this past year. But it’s to the point I’m starting to wonder how much of the problem has become psychological, almost a form of mass hysteria that becomes a self-fulfilling prophecy.
And how much of this is the machination of corporate America and its media lapdogs (NPR, Fox, CNN, etc.) which would like nothing better than a workforce that fears for its jobs, willing to take pay cuts and work harder and longer hours for less pay?
Perhaps “the economy” is another example of why we should not believe everything we think.