Good news, recession is over; bet you couldn’t tell

Were you aware that the recession is over?

I know it is, because the president said so in a town hall meeting last week.

In fact, according to his economic advisers, the recession officially ended in June of 2009. I didn’t think the government had even admitted that we were in an actual recession by June of 2009, and now it is over.

Can you tell?

I can’t. Gas is still high. Groceries are outrageous. The freeze on raises is still in effect. And millions of people are still out of work.

“The advisers” say that it will take “time” for the effects of the recession to dissipate (there it is again, I’m still trying to wrap my head around the fact that they’ve been denying that we were in a recession).

As I watched former supporters of Barack Obama chastise the president for being out of touch with his constituents, I couldn’t help but feel that this announcement was just another ploy to boost his approval rating prior to the November elections.

As of Sept. 23, The Rasmussen Reports daily Presidential Tracking Poll shows that 28 percent of the nation’s voters strongly approve of the way that Obama is performing his role as president. Forty-three percent strongly disapprove, giving Obama a Presidential Approval Index rating of minus 15.

I had this same feeling when the president announced that the war in Iraq was over and that “he” was bringing all of the troops home – political ploy.

But I’m not surprised. Whether democrat or republican, they all use whatever means they can to better their appearance and make them the right man or woman for the job.

Politicians are supposed to be the voice of the people. That idea disappeared a long time ago, now they are the voice of whatever lobbyist contributes the most to their cause.

They listen to the jingle in their pockets instead of the hunger pains in the stomachs of their people.

Do I sound jaded?

Perhaps I am. The system is broke. It has been broken for a long time, and no, before you ask, I don’t have a clue how to fix it.

I just know it needs fixing, and fast.

I have noticed a growing trend of unrest in my little part of our country. People are growing tired of the government taxing them to death, and then in return giving those hard-earned tax dollars away to every company or country who has a need.

Case in point: AIG. While people were losing their jobs, homes and families, AIG was getting a bailout from the government in an effort to stimulate the economy.

According the business section of the NY Times, AIG received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve. Immediately after receiving the bailout, this same company made plans to pay about $165 million in bonuses to executives in the same business unit that brought the company to the brink of collapse last year.

It appears to me, that the only thing that got stimulated was AIGs execs. And the “loan” to this company was just a fraction of the $750 billion dollars that was spread throughout multiple failing companies.

If the government had given a portion of that money to every man, woman and child in the USA, each would have received roughly $2,500 (based on the current census). That effort would have caused some serious stimulation.

In 2009, 1.5 million families filed bankruptcy – wasn’t the recession supposed to be over by then? I know it takes time to heal, but our Government For the People, By the People is not doing the job that they were hired to do.

Remember that when you listen to the thousand of campaign commercials, debates, town hall meetings and speeches that will bombard the airwaves in next few months.

And try to keep a stiff upper lip, because after all, the recession is over.


2 Comments (+add yours?)

  1. micah e. welchel
    Oct 02, 2010 @ 13:41:05

    Quite an intelligently made argument mom…. I had no idea the world was all better 🙂


  2. Darla Welchel
    Oct 02, 2010 @ 14:05:11

    Thanks Micah – it caught me by surprise as well. 🙂


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