Thursday, October 14, 2010

Why the Gloom and Doom?

There is a sense of gloom and doom that has descended upon the people of the United States. With this devastating recession that has engulfed our nation, the continuing housing crisis, slow job recovery prospects, massive amounts of government debt, two wars going on, losses in the stock market and loss of equity in the houses, underwater mortgages, losses in retirement accounts, and you can see a perfect storm of anger that is brewing across America.

Whatever the economists say about the recovery, it is the common folk who are the ultimate bearer of what a recovery going to be and it is not a recovery at all. People are really hurting (which I read it every day in different newspapers on the internet). There are more candidates out there than the jobs and the employers are being pickier about it and so the less competitive kind are being left out and that is creating this sense of gloom and doom. People are afraid about the future not only for themselves but for the children and their grand children. This is the first time that there is so much anger, frustration and a sense of helplessness that things are getting out of hand and the American spirit is on shaky ground. Which is the next innovation that would guide the people out of this gloom and doom and would people be able to benefit from it or it will also be ultimately outsourced or become victim to free trade. We will see what happens in November elections and you will see how the politicians fare in it.

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