I actually made something for goodie day tomorrow!
Monday, November 22, 2010
Sunday, November 21, 2010
Recession Bites Head and Tail
I see the U.S. recession second hand. I hear about it on the news, talk about it in class, and meet people who have their troubled stories. In my safe view of the world, I live comfortably and see my friends enjoy life as any middle class person would. Admittedly, I would continue my life not thinking about the recession if it wasn't for the media and the class assignments. To ignore the situation would be naive. If the recession does not pinch me now, it still could bite in the future.
The middle class seems to be the least effected with the current recession. The lower and upper classes seem to feel the most pain. For the lower class, it is obvious that a bad situation just got worse with the declining economy and their high susceptibility for unemployment. The upper class is undoubtedly able to survive, but it still hurts when their high dollar investment portfolios lost hundred thousands of dollars suddenly. The middle class has a better chance of keeping their jobs than the lower class, and the middle class have only modest investment portfolios that can be recovered.
What is a middle class person to do in this recession? Most are continuing with their lives as usual with little precaution. Is that ignoring what is going on or is it helping the economy with consumer spending? The government is taking measures to dig the U.S. out of this recession, but the individual contribution of partaking in this effort is muddied in the policies. It seems that all an individual could do is vote for the political figures that are most likely to resolve a major and complicated problem.
The U.S. recession is not over. With the current unemployment rate at 9%, everyone should care regardless of income bracket.
The middle class seems to be the least effected with the current recession. The lower and upper classes seem to feel the most pain. For the lower class, it is obvious that a bad situation just got worse with the declining economy and their high susceptibility for unemployment. The upper class is undoubtedly able to survive, but it still hurts when their high dollar investment portfolios lost hundred thousands of dollars suddenly. The middle class has a better chance of keeping their jobs than the lower class, and the middle class have only modest investment portfolios that can be recovered.
What is a middle class person to do in this recession? Most are continuing with their lives as usual with little precaution. Is that ignoring what is going on or is it helping the economy with consumer spending? The government is taking measures to dig the U.S. out of this recession, but the individual contribution of partaking in this effort is muddied in the policies. It seems that all an individual could do is vote for the political figures that are most likely to resolve a major and complicated problem.
The U.S. recession is not over. With the current unemployment rate at 9%, everyone should care regardless of income bracket.
Thursday, November 18, 2010
Wednesday, November 03, 2010
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