Thursday, February 05, 2009

Economy Jeremiah?

We don't typically talk about the economy on this blog, but let's face it, just about everybody's hurting. I'd bet every one of you reading this post knows at least one person who's lost his/her job. The book business is certainly suffering as a result, from bookstores to publishers to authors.

Yesterday I saw this link go by in Twitter and took the time to watch the full nine-minute video. The video shows Peter Schiff, CEO of Euro Pacific Capital, on news shows in '06 and '07, predicting our current economic crisis in detail--and literally getting laughed at. Watching this video today is downright chilling.

The guy reminds me of Jeremiah. Nobody listened to him either.

We don't like naysayers. When times get tough we cling to hope. Fortunately I have a God to cling to, with whom I ultimately trust my and my family's life. But sheesh. Maybe we oughtta be listening to what this guy's saying today. (Which isn't good, by the way. See current videos here.)

Have you been effected by the economy? ("Effected" could mean anything from losing a job to housing problems to simply spending less.) Do you think all this stimulus package stuff is going to work? I'm thinking we may better buckle down for a long ride.


Nicole said...

Fascinating quote I heard today:

From the day Jesus was born, say at year 0, to the present day 2009, if you spent 1,000,000 dollars everyday (that's $1 million x 365 days x 2009 years), you still wouldn't have paid the full amount of this so-called, wrongly titled, "stimulus" package.

Who elected these people?!

David A. Todd said...

Our medium-size engineering company had our fourth round of layoffs last Friday. I survived, but took a second 10 percent pay cut (last one was last April). We are less than half the size we were at our peak in mid-2006.

I just discovered your blog a few days ago. Enjoying some back reading.


Grady Houger said...

Its the end of the world as we know it.... :-)

Blinky St. James said...

I don't know if the stimulus package is going to work, but I wouldn't mind if they went ahead with it (because stimulus packages are for "stimulating" the economy by shopping, right? :P) I think that would be good, but where are they going to get all that money for it? Are they just going to make more money? I don't get why they just didn't do that in the first place...

Nicole said...

Blinky, if you look at all the pork in the provisions, you will find that it's not a "stimulus" package at all. Not even close.

Winter said...

I'm sorry, but the last "stimulus/bailout" bill blew up in everyone's faces. Current Republican senators are sitting scared, it's why they've been so picky about this bill, as they should. Honestly, I don't see how this will help anything. Every time the government comes up with a solution they make it worse. The longer they take to pass this bill, the more fat they cut out, the better off we'll be. As Dave Ramsey said, we should focus on helping ourselves and get out of debt on our own, not rely on some "miracle" bill. It's a shameful cycle that's going to seriously hurt everyone, every tax payer, in the end.

Rita Gerlach said...

This morning I read a moving post on Bonnie Towes' blog Heart Tugs. She writes about the humanitarian crisis in the world, and how Doctors Without Borders is trying to help. I thought how thankful I should be that I still have food to put on the table, even though prices are up. Thankful that my family has a roof over our heads. Thankful my husband still has a job. Thankful my children are not suffering through war and starvation.

My youngest son has a job but has not had a pay increase since he started a year ago, and his hours have been cut back. My oldest son finished a AA degree last Spring, but has been unable to find work. But they are not starving, nor on the street. Thank, God. I have a friend how moved her daughter and son in law with their little girl into their townhouse. This way they can all afford rent and living expenses.

Yes, times are tough every where. But we are still more prosperous than the people of Darfu and Somalia.

Please read Bonnie's post at