Whatever you call it, it HURTS!

Tell you what…call it what you will…tell us the economic times we’re in right now is a situation, correction, a slump, a down-turn…call it whatever you like. But, let me tell you…while the economists and politicians are working on some stupid politically correct term for it…many are hurting! Some in MY family! Bet yours as well!

Federal Reserve Chairman Ben Bernanke says “Whether it’s a technical recession or not is not all that relevant. It’s clearly the case that for a variety of reasons families are facing hardship.”

In his semi-annual monetary policy testimony he cited numerous difficulties. Included among them…the ongoing strains in financial markets, declining house prices, a softening labor market, and rising prices of oil, food, and some other commodities.
We’re hurting! I have seen first hand people who have lost their job, in the midst of losing their homes, and in fear every time the phone rings that it will be a bill collector. Times are hard.
Gas and food are at the highest prices ever! I use diesel and pay almost 5 dollars a gallon. Think about upcoming fuel, natural gas, heating oil, and electricity prices for the colder months…MAN! I have a loved one with no insurance, no job and no way of paying for health care. Thank God they have family that pull together and care for those needs. They are WE don’t ask for and expect Government to help!

Employment is tough to come by and I’m very concerned about that! The dollar is not strong, the under-statement of the year! Inflationary pressures hurt consumers and Americans far more than low growth. Wall Street is nuts now! How’s your portfolio…or how would it be if you had one?

What drives me crazier than normal is that there are some who say…” the time is good for us…what American’s need…it’s cleansing the excesses and Americans are realizing that they will have to live a more austere life.” IDIOTS!

Give me a break! Excesses like what??? Food for the family, gas for a car to get to work if you have work to get to…no, not all of us can WALK or BIKE to the job! Excesses like medicine for life-threatening conditions or money for putting a roof over our head. To heck with wealth building…let’s worry about surviving! That’s what MANY Americans are going through right now. Just because you may not be, pray you never will..it’s not something I wish on anyone, but I have seen for myself how hardships are hurting more and more.
God Bless America, that is our only hope!

Lisa

This entry was posted on Monday, July 21st, 2008 at 11:22 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.