The Cajuns down New Orleans way have a great saying; “Laissez les bons temps rouler!” Not exactly good french (who cares?) it still means, “Let the good times roll!”
Incorrect syntax doesn’t matter, ‘cuz we’re not gonna be hearin’ it for the foreseeable future anyway. Despite all the whoopin’ and hollerin’ we’ve been hearin’ down D.C. (Ditzy City) way this past week, things aren’t gonna do much rollin’ anytime soon (‘cept downhill).
I see and smell more bad times coming. I’ve pointed this out in previous columns on the economy. Every once in awhile I get comments telling me some of you get it. Some even appreciate my honesty and (sometimes) early warnings. Warnings won’t help much now? But ya just might want to start savin’ some of your hard earned money. Pay off those credit cards and quit usin’ ‘em (right now).
We all know (hope?) the new folks running the show (our government) down in D.C. are going to do their best. It’s just not gonna be good enough (“fast” enough won’t matter). There are too many things still (systemically) wrong. Those things are going to continue to rear their ugly heads for the next year or two.
There are going to be more (very bad) surprises coming down the pike. There will be more large (many are just too large anyway!) companies failing. Quite probably even whole industries (besides the banking, housing and auto industries already down) will pop up, failing in the coming months.
Banking, housing and autos are going to seem to go deeper into trouble. It’s not that they’re going to go deeper, they’re already there. It’s just that it’s not shown up on your screen yet. And while they (especially the banks) keep doing that, everything else will follow. It’s true, the big banks really do “run” (and can ruin?) everything, one way or another.
Now I don’t enjoy rainin’ on any ones parade, it’s just that I’m a realist (and can’t keep my mouth shut). I’ve studied the american economy for decades. And prognosticated, with some accuracy for much of that time. This doesn’t require a Ph.D. or even a superior knowledge of economics, so much as an understanding of ordinary peoples thinking.
Just as inflation is (100%) in the minds of people, so is (most) of what takes place during (causing) recessions or depressions. The difference between that “100% and most”, lies in the greed and crookedness of the people who run industries. Oh! and the innate stupidity of some of them and the folks in government who (purportedly) oversee them.
We’ve had an overabundance of greed, stupidity, crookedness, and lax oversight for a good long while now!
It’s going to take nearly as long (not as long?) to work our way through (and out of) the mess we’ve (they’ve) gotten ourselves get into. Even if the current recession doesn’t descend into a depression. Although it’s likely that it will, in my (not so humble) opinion. Either way, it’s going to take years to get back to “letting the good times roll”. Why? Too long to explain in 800 words. But...,
Starting with the federal government and working down through state, county, and local levels, we’ve been spending more than we can afford for years. Not just more than they take in, (taxes, fees, revenues of all types) but more than we can Afford to spend, period.
And it’s not just the government! People at the household level have taken their cue (maybe it was the other way around?) and spent more than they can afford too (for years).
Take your neighbors down the street, the ones with that new house. Same ones with that new SUV in the drive parked next to that new pickup truck. Yep, same ones with the young kids, sporting all the newest electronic gadgets? The ones who’ve been having those big sports parties, enjoying the games, watching that great big-screen TV every weekend?
Most of ‘em can’t afford all that! They just haven’t realized it yet.
Just like the industries (and governments) I mentioned above, the bills are really starting to pile up in the mailbox. If anyone stumbles, breaks a leg or gets that layoff notice, the games over!
We’re simply that overextended as a nation.
In our government spending policies, And in our homes! As people we’ve all tried way too hard to “keep up with the Jones’s”. And as a country to stay ahead of the..., well, the rest of the world. Let the good times roll?
I Don’t Know About you..., I’m not happy where we are Or where we’re going!
Cal Teeple, sole member of the Observational Cogitation Consortium is still found three stools dow, where he may be ignored, accosted or contacted. As well as at: wayneindependent.com/cal Or At: calteeple@g-mail.com.
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The Cajuns down New Orleans way have a great saying; “Laissez les bons temps rouler!” Not exactly good french (who cares?) it still means, “Let the good times roll!”
Incorrect syntax doesn’t matter, ‘cuz we’re not gonna be hearin’ it for the foreseeable future anyway. Despite all the whoopin’ and hollerin’ we’ve been hearin’ down D.C. (Ditzy City) way this past week, things aren’t gonna do much rollin’ anytime soon (‘cept downhill).
I see and smell more bad times coming. I’ve pointed this out in previous columns on the economy. Every once in awhile I get comments telling me some of you get it. Some even appreciate my honesty and (sometimes) early warnings. Warnings won’t help much now? But ya just might want to start savin’ some of your hard earned money. Pay off those credit cards and quit usin’ ‘em (right now).
We all know (hope?) the new folks running the show (our government) down in D.C. are going to do their best. It’s just not gonna be good enough (“fast” enough won’t matter). There are too many things still (systemically) wrong. Those things are going to continue to rear their ugly heads for the next year or two.
There are going to be more (very bad) surprises coming down the pike. There will be more large (many are just too large anyway!) companies failing. Quite probably even whole industries (besides the banking, housing and auto industries already down) will pop up, failing in the coming months.
Banking, housing and autos are going to seem to go deeper into trouble. It’s not that they’re going to go deeper, they’re already there. It’s just that it’s not shown up on your screen yet. And while they (especially the banks) keep doing that, everything else will follow. It’s true, the big banks really do “run” (and can ruin?) everything, one way or another.
Now I don’t enjoy rainin’ on any ones parade, it’s just that I’m a realist (and can’t keep my mouth shut). I’ve studied the american economy for decades. And prognosticated, with some accuracy for much of that time. This doesn’t require a Ph.D. or even a superior knowledge of economics, so much as an understanding of ordinary peoples thinking.
Just as inflation is (100%) in the minds of people, so is (most) of what takes place during (causing) recessions or depressions. The difference between that “100% and most”, lies in the greed and crookedness of the people who run industries. Oh! and the innate stupidity of some of them and the folks in government who (purportedly) oversee them.
We’ve had an overabundance of greed, stupidity, crookedness, and lax oversight for a good long while now!
It’s going to take nearly as long (not as long?) to work our way through (and out of) the mess we’ve (they’ve) gotten ourselves get into. Even if the current recession doesn’t descend into a depression. Although it’s likely that it will, in my (not so humble) opinion. Either way, it’s going to take years to get back to “letting the good times roll”. Why? Too long to explain in 800 words. But...,
Starting with the federal government and working down through state, county, and local levels, we’ve been spending more than we can afford for years. Not just more than they take in, (taxes, fees, revenues of all types) but more than we can Afford to spend, period.
And it’s not just the government! People at the household level have taken their cue (maybe it was the other way around?) and spent more than they can afford too (for years).
Take your neighbors down the street, the ones with that new house. Same ones with that new SUV in the drive parked next to that new pickup truck. Yep, same ones with the young kids, sporting all the newest electronic gadgets? The ones who’ve been having those big sports parties, enjoying the games, watching that great big-screen TV every weekend?
Most of ‘em can’t afford all that! They just haven’t realized it yet.
Just like the industries (and governments) I mentioned above, the bills are really starting to pile up in the mailbox. If anyone stumbles, breaks a leg or gets that layoff notice, the games over!
We’re simply that overextended as a nation.
In our government spending policies, And in our homes! As people we’ve all tried way too hard to “keep up with the Jones’s”. And as a country to stay ahead of the..., well, the rest of the world. Let the good times roll?
I Don’t Know About you..., I’m not happy where we are Or where we’re going!
Cal Teeple, sole member of the Observational Cogitation Consortium is still found three stools dow, where he may be ignored, accosted or contacted. As well as at: wayneindependent.com/cal Or At: calteeple@g-mail.com.
