The Great Depression 2.0
Remember when you were a kid and you had to listen to your grandparents or parents go on and on about how they survived the Great Depression? How when they were kids they had to make do with one pair of shoes and two very meager meals a day? Well I do, and what I failed to realize in my youthful naiveté is that it could very well happen to me.
So here we are today, in what I like to call Depression 2.0, not your grandparent’s depression, but a new era of economic collapse, one in which failed economic policies that plunged us into disaster are not only carried on, but increased to the nth degree. What got us into the economic mess we are faced with today? Rather than present you with some complex economic model, I will give you three areas in which this country and its government completely dropped the ball (and continue to this day): artificially low interests rates, artificially high monetary circulation, and government interference in the free market (namely home loans).
After the worst of the Carter years (which I have to remind you, Obama makes Carter look like socialist fat-free ranch), unemployment was 9.5% and inflation 13.5%. How do those figures stack up to Obama’s first year in office? Well we were promised that unemployment would not reach double digits, and although it’s supposedly hovering right around 9.5%, states such as Nevada and Florida are at an average of 13-14%. What about inflation you ask? Well thanks to the FED, and measures taken by the government to aid irresponsible homeowners to stay in their homes, it’s artificially low, and to accompany it low interests rates. Do you see a pattern here? The only instances this country had a resurgence in the economy was when the government decided to stay the hell out of your business- the Coolidge and Reagan years. Heck even when GW was president and hadn’t been sucked into the Demmicrap Congressional vortex, we saw a resurge in the economy after the dotcom bubble burst. You know why? He cut taxes.
Now suffice it to say, tax cuts at this point would certainly not be enough to turn around this jet plane headed to economic hell, but if the government did decide to stop manipulating the system along with their current gold-digging spending spree, it would certainly help. We all know that won’t be happening in the near future, because the country done voted for “change”. And in case you haven’t noticed change has turned out to be more of the same, only instead of it being like a bug in your soup, it’s now botulism in your cheerios.
In summation I would like to give a shout out to my fellow Gen Lost’ers (yes I will be coining this Generation, ‘Generation Lost’, as seeing it is completely and utterly lost, both socially and economically). According to the latest stats you are 10% less likely to find work than your post-collegiate predecessors, not only that, but you will be the first generation who was promised the world and handed a silver platter of <well you know> that you must pay back in full, plus interest. Yes such a hopeful bunch you were, but once the last grande is poured at Starbuck’s and the $350 a week just isn’t covering that 120k you took out to get your master’s in basket-weaving, you will soon realize that the only “change” you can hope for is that you will wake up and realize before it’s too late- Don’t ever place your hopes on someone who promises to fix all your problems or this country’s problems by punishing another. Nope young buck, you will soon realize, and hopefully the entire country will realize that the only thing that will bring us out of this mess will be good ol’ fashion self-reliance (and guess what, it will never cost more than a trillion dollars in deficit spending, hell not even a dollar.) Here’s to hoping we can pull ourselves out of this Depression 2.0.
- Sharon's blog
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