Posted by js on November 08, 2009 at 10:53:59:
I am tired of all the economic negative news. I think the reason the
economy sounds bad has less to do with an actual recession than
media sensationalism and doomsday pessimism. Last year everyone was in a panic because the price of oil was
rising, but the sky did not fall. I don't think the media should
lie about an increasing unemployment rate, but I would like to
hear more positive news stories.
I did some research and found that there is plenty of good news out there:
The stock market has risen 53% this year and is still cheap:
Wells Fargo, Apple, Ford, SkyWest, and Adidas have declared profits:
US housing starts have increased:
Business confidence has risen:
North Dakota has an unemployment rate of 4.2%. If you don¡¯t have a job, move. If you can¡¯t sell your house at the price you want, you shouldn¡¯t have paid so much for it. If you don¡¯t want to move and make trade-offs, I guess that you aren¡¯t that desperate for work.
If you really want to stay where you are and haven¡¯t
found a job, think of a way to make money from your hobbies. Do you like to cook? Are you good are fixing things? Do you like to paint? I
strongly believe that if you do what you love, the money will follow. Just
because someone says there is a recession, doesn¡¯t make it true.
Just because most people used to believe the world was flat, did
that make it true? If you are feeling negative, I
highly recommend the book ¡°You Can Have it All¡±:
You might also feel less sorry for yourself or
the economy if put your life in perspective. Would you
rather live in Zimbawe where the GDP per capita income is $200 per YEAR?
Even if things are really bad for you and you become homeless, there is a safety net of food banks, shelters, general relief, and food stamps.
America needs a good pep talk instead of negativity. I really think Obama would be more helpful to the economy by talking about the positive sides instead of pushing expensive stimulus programs. People should live within their means to avoid crashing the economy, but even when overextended, the United States has managed to pay the massive debts of the Depression and WWII.
While I am not blind to the difficulties that may exist in the present economy, I just think people should be more optimistic and look at the good sides. I remember
when I was in middle school in the mid 1980¡¯s and I had a teacher who asked my classmates whether the USA
was on the way to the peak of power, at the peak, or on the way down. I was the only student who said the US hasn¡¯t reached the peak yet. A few years later the Soviet Union collapsed and America was the only superpower.
I am not even sure if there is a recession, but if there is one, I think it will be short. Remember that anyone who bets against the US economy will always lose.
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