Published October 16, 2009 11:20 pm - Now that the recession is over — according to many of the news outlets — let’s hope that we don’t make the same mistakes that got us into this awful mess in the first place and repeat, as often is the case with history, the same errors by maintaining the status-quo.
Letter: Is the recession really over?
Now that the recession is over — according to many of the news outlets — let’s hope that we don’t make the same mistakes that got us into this awful mess in the first place and repeat, as often is the case with history, the same errors by maintaining the status-quo.
Of course this is the same media that didn’t inform us that we were in a recession until nearly a year after it really began. Actually, the facts are that they did inform us, we the people, but without using the “R” word. It’s just that most of us wasn’t paying enough attention, being caught up in one of the greatest economic booms in our Nation’s history and all. It was quite natural that we were blinded by the light, so to speak.
But, is the recession really over?
Some of us who are living off a pension or Social Security and Medicare, in a strange sort of way, have not been affected so much by the downturn, whereas; those who have lost jobs or perhaps fell victim to foreclosure are probably living in a depression. There was a time when the very phrase “fixed income” had a bad connotation. I don’t believe that can be said anymore.
The recession may be over in one camp but let us not forget those still struggling in the other. Reason enough there to discontinue a policy of convincing them that it is over.
Donnie Flecker
Anderson