I am tired of all the economic negative news. I think the reason the economy sounds bad has less to do with an actual recession than media sensationalism and doomsday pessimism. Everyone was in a panic in 1997 because of the Asian financial crisis, but the sky did not fall. I don’t think the media should lie about a high unemployment rate, but I would like to hear more positive news stories. Just like news reports about Y2K, killer bees in 1985, Firestone tires in 2000, shark attacks in 2001, and the oil spill in 2010, people will soon realize any economic downturn is partly due to hype and life will go on.
I did some research and found that there is plenty of good news out there:
The recession officially ended in June 2009:
The unemployment rate is falling:
The stock market has risen 53% recently and is still cheap:
Wells Fargo, Apple, Ford, SkyWest, Adidas, Men’s Wearhouse, Kroger’s, General Mills, AutoZone, CarMax, Walgreen, Dell, Disney, and Discover are some of the many respected companies to have declared profits recently:
US housing starts have increased:
Business confidence has risen:
Factory orders have increased:
Consumer confidence has risen:
Consumer spending is up:
The US GDP rose 3.1%:
North Dakota has an unemployment rate of 3.7%. South Dakota and Nebraska have unemployment rates of less than 5%. Singapore has an unemployment rate
of just 2.2%. Unemployed people who move to these places can find work in agriculture, oil fields, schools, and hospitals. These newcomers will need to buy homes, food, and services creating more jobs. If you don’t have a job, move to an area with a better economy. If you can’t sell your house at the price you want, you shouldn’t have paid so much for it. If you don't want to move and make trade-offs, I guess that you aren't that desperate for work.
The United States will face a labor SHORTAGE in the next few years as millions of baby boomers retire. There are 76 million baby boomers, but
Generation X only has 46 million people.
If you really want to stay where you are and haven’t found a job, think of a way to make money from your hobbies. Find a need and fill it.
Do you like to cook? Are you good at fixing things? Do you like to paint? Optimists make more money and I
strongly believe that if you do what you love, the money will follow. Whatever the mind of man can conceive and believe, it can achieve.
Just because someone says there is a recession, doesn’t make it true. Just because most people used to believe the world was flat, did that make it true? If you are feeling negative, I highly recommend the book “You Can Have it All”:
You might also feel less sorry for yourself or the economy if put your life in perspective. How would you like to trade places with someone in North Korea? Would you rather live in Burundi where the GDP per capita income is $300 per YEAR?
Even if things are really bad for you and you become homeless, there is a safety net of food banks, shelters, general relief, and food stamps. You could join a commune or a monastary.
America needs a good pep talk instead of negativity. I really think Obama would be more helpful to the economy by talking about the positive sides instead of pushing expensive stimulus programs. People should live within their means to avoid crashing the economy, but even when overextended, the United States has managed to pay the massive debts of the Depression and WWII.
Americans need to think more like immigrants. Politicians are too afraid to say it, but Americans should stop whining, get up, take responsibility, lower their standards, bite their lips, tough it out, and get busy. Americans should stop buying SUV’s and McMansions they can’t afford and pay off their debts. I have no sympathy for the sheep who went in debt to buy expensive restaurant meals, clothes, vacations, cars, and overpriced homes when times were good instead of saving for a rainy day. Buy LOW and sell HIGH. If people had put their money in the bank instead of wasting it they would still have it. The United States is capitalist not Communist. There is social Darwinism and survival of the fittest here. If Americans want a handout, they should move to Sweden. I have seen refugees from places like Vietnam immigrate to the US with NOTHING and own houses and cars five years later, while some lazy Americans who haved lived in public housing and on welfare for GENERATIONS complain about how poor they are. Why can a third world immigrant who doesn’t speak English make more money in five years than some Americans who have lived in the US their entire life?
The negative thinking about “tough times” and the supposedly “decline of the US” kills me. The USA is by far the richest and most powerful country in the world. Who invented the assembly line, telephones, movies, light bulbs, airplanes, air conditioning, elevators, skyscapers, television, the atomic bomb, the pill, calculators, microwaves, lasers, the Internet, mobile phones, the space shuttle, and landed on the moon? What country wins the most medals at the Olympics despite having only 5% of the world’s population? If the United States is dying, why do so many people want to immigrate there?
I think the best years of the United States are ahead of us, not behind us. I would be shocked if the USA won’t be the first country to put a person on Mars, invent mass-produced hydrogen and solar cars, and cure cancer. Americans who worry about the future are ignoring the facts and aren’t doing anyone any favors.
While I am not blind to the difficulties that may exist in the present economy, I just think people should be more optimistic and look at the good sides. I
remember when I was in middle school in the mid 1980’s and had a teacher who asked my classmates whether the USA was on the way to the peak of power,
at the peak, or on the way down. I was the only student who said the US hasn’t reached the peak yet. A few years later the Soviet Union collapsed, the Japanese economy crashed, and America was the only superpower.
I am not sure if there is a recession, but if there is one, I think it will be soon be a distant memory.
Remember: Whether you think you can or whether you think you can't, you're right.