Sunday, February 01, 2009
A Bad Economy is Good!
It had to happen sooner or later. Soaring gasoline prices prevent people from paying their mortgages. Many foreclosures cause huge financial institutions wrapped in mathematical portfolio cocoons to crumble. The government bails them all out. In the meantime, laid off workers don't buy, causing the worst economy in decades. There are many things I do not like about this economy. The many layoffs and the huge lines for jobs are something I don't want to see. The crisis attacks people's retirement funds, causing them to be worth considerably less. And of course I don't want to see my house decline in value, which is what Chesterfield County in their assessments says it did.
But there are a lot of things good about a bad economy. Firstly, I won't have to pay as much real estate tax. But also look at this. People don't drive as much to stores because they can't afford to buy things and they are out of work, so don't need to drive at work. That means fewer traffic jams on the highways. You can get around better. The bad economy means people have to scrap the friviolities of our current lifestyle. Superbowl parties are cancelled. Good. There is altogether too much hoopla about these trivial football pursuits. The celebrity culture takes a hit; people can't attend movies or afford expensive electronic equipment to watch things on. People for once are forced to conserve in their spending and not spend like there is no tomorrow. Maybe we will save more. And if we can't afford to buy food, maybe we will grow our own. That is good for peak oil tells us that we may need these skills some day. Scoundrels that thrive on our live-it-up no-tomorrow lifestyle such as Madoff, Thain, and all of these CEOs and financial wizards are caught and are met with what is due for them. Wild developments popping all over the place dependent on the car and destructive of farmland and the environment are stopped dead in their tracks, because who wants to build new houses if there are so many foreclosed houses out there causing prices to plummet?
Yes, I think that a lot of good is coming out of the fact that we are finding out that we can't live like this forever. We need now to stop superbowling and madoffing around and stop making an idol out of President Obama and instead listen to what President Obama is saying and take heed.
But there are a lot of things good about a bad economy. Firstly, I won't have to pay as much real estate tax. But also look at this. People don't drive as much to stores because they can't afford to buy things and they are out of work, so don't need to drive at work. That means fewer traffic jams on the highways. You can get around better. The bad economy means people have to scrap the friviolities of our current lifestyle. Superbowl parties are cancelled. Good. There is altogether too much hoopla about these trivial football pursuits. The celebrity culture takes a hit; people can't attend movies or afford expensive electronic equipment to watch things on. People for once are forced to conserve in their spending and not spend like there is no tomorrow. Maybe we will save more. And if we can't afford to buy food, maybe we will grow our own. That is good for peak oil tells us that we may need these skills some day. Scoundrels that thrive on our live-it-up no-tomorrow lifestyle such as Madoff, Thain, and all of these CEOs and financial wizards are caught and are met with what is due for them. Wild developments popping all over the place dependent on the car and destructive of farmland and the environment are stopped dead in their tracks, because who wants to build new houses if there are so many foreclosed houses out there causing prices to plummet?
Yes, I think that a lot of good is coming out of the fact that we are finding out that we can't live like this forever. We need now to stop superbowling and madoffing around and stop making an idol out of President Obama and instead listen to what President Obama is saying and take heed.
