Recession. I wont participate and neither should you.
There is talk of an economic recession here in the United States. Then again, they have been tossing that word around for the past couple of years. Each time, a recession never materialized. The economic experts, as they are known by insiders, tell us that the economy is weak. Again, every time they say that, numbers come out that prove the economy keeps moving and growing.
So lets say the so-called experts are right this time. Hey, they can't be wrong all the time. Sooner or later they are going to get something right. Lets say this time the USA will slip into a recession. Lets say its text book. Well, what is a text book recession.
A recession is a decline in a nations gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. Now this year could be viewed as any 12 month period of time not just a calender year.
Here is what Wikipedia says about about an economic recession and notice the definition changes when it come to the United States:
In macroeconomics, a recession is a decline in any country's gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, in the United States the official designation of recessions is done by the business-cycle dating committee of the National Bureau of Economic Research (Feldstein, 2007). The American National Bureau of Economic Research defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse. Newspaper columnist Sidney J. Harris amusingly distinguished terms this way: "a recession is when you lose your job; a depression is when I lose mine."
In the United States this definition can be manipulated to fit whatever the “experts” want it to say. Have you not noticed how hard the media has tried to damage and degrade our economy every chance they get? We have a health care crisis. We have a mortgage crisis. We have all kinds of economic crisis. You would think by the fear that gets reported we were on the verge of an economic depression not recession.
Each time they predict such a thing, the US economy rebounds or shows “remarkable resistance” to what otherwise would be sure signs of economic downturn. They forget a few things. They forget that our economy, even on a micro scale, is now totally and completely global. The every day average Joe out there can have a business that is international in scope from their kitchen table. They fail to take into account new industries that seem to pop up overnight and create jobs and opportunity out of nothing. They forget the resolve of the people of this nation and of every other nation.
People like having money in their pockets. People like having the things they have. People like doing the things they like to do. They don't want to have to give up anything that they worked so hard to get. So they find ways to keep what is important to them. They start businesses. They get second or third jobs. They get creative. This shows that the general population refuses to participate in a recession because a recession on a personal or micro level means having to give up too much.
I no longer participate in recessions. I would suggest that you don't either. You don't have to participate. You can keep the so-called experts stumped. Just like when gas prices climbed to all time highs, many people did not universally drop their big cars, trucks or SUV's. In fact people still buy new big cars, trucks and SUV's. Sure many people need such vehicles for work but many just like the darn things.
If you feel a recession coming on in your household, then do something about it. Start a business of your own. I own two companies and I am working on a third. I have a number of books that will be published over the next 24 months. I am not saying you can write books that will become best sellers and make you millions of dollars but there are things you can do. You have to find your talent and do what interest you.
All big business today started out in someones kitchen or garage or wagon or car or truck. So the next time someone tells you that there is a recession, all you have to do is look them in the eye and say “thanks for the information but I am not going to participate.” In fact, a recession provides huge opportunity for the average person. This includes you.
Thursday, January 10, 2008
Wednesday, January 2, 2008
Why I wont Vote Democrat for President
Here in New Hampshire we are bombarded every minute of everyday by all the candidates on both sides of the political isle. Our local TV station, WMUR Channel 9, has been running video of debate questions with each candidate answering.
Once recent question was (paraphrasing) "Gas and Oil is at all time high, what would you do to lower this cost?"
I listened to all of their answers. And I was totally flabbergasted by the answers. None of them were honest. If they were then that is even more reason NOT to vote for them. If they have something like this wrong, then what else do they have wrong?
They all blamed big oil and our lack of conservation for our high oil prices. First of all, if they don't know how all this works, then how would they know how other aspects of our economy, other aspects of the world, work?
Oil prices are not high because we use "more than our fair share." The entire world has changed. We don't allow oil exploration within our own borders. Because of that, we must buy a good portion of our energy from overseas. This puts us in direct competition with with 3 billion people.
Two of the largest countries in the world are fighting and growing their way into the 21st century. China with 1.2 billion people and India with 1 billion people have middle and upper classes that are growing at alarming rates. This creates a need for energy. This need is far outstripping our need for the same energy. And because they need this energy to grow and pull their people out of the stone age, they are willing to pay more for it.
This is simple supply and demand. However, all of the Democrats do not see this global demand, this global growth as the cause for the rapid rise in crude oil prices. They point to the fact that the USA is the bad guy. How wrong can you be on something that is so blatantly obvious?
With just a few clicks of the computer mouse, anyone can find information about how fast the far east is growing. For example, Shanghai, China in 1960 had only ONE skyscraper. Today they have more than 300 with hundreds more being built or being planned. You don't grow that fast without needing energy.
The best way for the USA to lower its energy cost is to stop limiting our ability to get at our own reserves. That means drilling in the Gulf, Alaska, off the coasts of California and the Southeast. Sure alternative fuels should be developed as well as conservation. However, there is no safe, reliable and affordable alternative available right now. Even if we did everything we could we would not be able to conserve enough to stop depending on oil from abroad. Not to mention the estimate that the USA will have 400 million people by the year 2050. That is 100 million more people than we have today. All of those people will need energy.
If we do not act now to tap our own abundant oil and gas reserves then we will be at the mercy of nations like China and India and our gas and oil prices will skyrocket to levels that even European nations cannot conceive.
None of the Democrats are willing to admit this so therefore there is no possible way they can have any other major issue this country faces in proper perspective. They are not fit to lead our nation. Simple.
Stumble It!