Recession - What Recession?
June 28th 2009 22:02
I am being told time and again by the media that there's a recession taking place. I will need to tighten my belt and do without any luxuries as the recession bites. I may be one of the so-called "lucky" people, but I honestly cannot see what the fuss is all about.
Sure, some businesses have gone to the wall; some people have lost their jobs; some banks have gone down skid row, but other than that, let's take a step back and look at this from another perspective.
The majority of the population are still in work; most businesses, large and small, are still operating; banks are still raking in cash and offering loans and I haven't heard of anyone dropping down dead due solely to this 'recession'.
If the populace is so stricken, how can they still afford to pay thousands of pounds for a box at Wimbledon? How come so many have travelled to South Africa to support the Lions? Why are the roads still blocked full of traffic? Why is it that businesses are still showing big profits?
One of the reasons given for the financial slump is the fact the banking fat cats were being given too much in bonuses and yet this practice is still going on, even with banks that have been more or less nationalised. Another reason is that people have been living off loans and yet this is another practice that has not seen a slow down. Money is still being squandered on luxury items, holidays are still being taken and most people are carrying on in life as normal.
If someone with a little bit of common sense (although common sense and authority is difficult to find these days), maybe people such as you or I will be told the truth instead of being filled with unnecessary fear by listening to the professional scaremongers being wheeled out in front of the microphones.
Thinking back to the twenties and thirties and the collapse of Wall Street and comparing those dark days to today, there's a world of difference. In the true recession, people were starving with no prospect of work and with the countries affected having no money to spend on the poor, sick and lame. There was no money available for handouts and there was definitely no way the government could hand over aid to countries such as China, which by the way is now a richer country than the UK.
The working class people are still buying the latest football shirts, at rip-off prices; still forking out money for petrol that's not needed, unless they live in an out of the way place that has no bus or train route.
When I see bread queues forming; hunger marches taking place and general strikes being called, then I may just change my mind. As long as people have the money to buy the latest fashion accessory or enough to pay thousands of pounds for football season tickets and any other extravagances, I will continue my life as I have done for the past six and a half decades.
Sure, some businesses have gone to the wall; some people have lost their jobs; some banks have gone down skid row, but other than that, let's take a step back and look at this from another perspective.
The majority of the population are still in work; most businesses, large and small, are still operating; banks are still raking in cash and offering loans and I haven't heard of anyone dropping down dead due solely to this 'recession'.
If the populace is so stricken, how can they still afford to pay thousands of pounds for a box at Wimbledon? How come so many have travelled to South Africa to support the Lions? Why are the roads still blocked full of traffic? Why is it that businesses are still showing big profits?
One of the reasons given for the financial slump is the fact the banking fat cats were being given too much in bonuses and yet this practice is still going on, even with banks that have been more or less nationalised. Another reason is that people have been living off loans and yet this is another practice that has not seen a slow down. Money is still being squandered on luxury items, holidays are still being taken and most people are carrying on in life as normal.
If someone with a little bit of common sense (although common sense and authority is difficult to find these days), maybe people such as you or I will be told the truth instead of being filled with unnecessary fear by listening to the professional scaremongers being wheeled out in front of the microphones.
Thinking back to the twenties and thirties and the collapse of Wall Street and comparing those dark days to today, there's a world of difference. In the true recession, people were starving with no prospect of work and with the countries affected having no money to spend on the poor, sick and lame. There was no money available for handouts and there was definitely no way the government could hand over aid to countries such as China, which by the way is now a richer country than the UK.
The working class people are still buying the latest football shirts, at rip-off prices; still forking out money for petrol that's not needed, unless they live in an out of the way place that has no bus or train route.
When I see bread queues forming; hunger marches taking place and general strikes being called, then I may just change my mind. As long as people have the money to buy the latest fashion accessory or enough to pay thousands of pounds for football season tickets and any other extravagances, I will continue my life as I have done for the past six and a half decades.
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