Yes, this is a depression. Regardless of what those trying to garner votes for various initiatives are trying to tell us. A depression is defined as a period where the GDP is reduced by 10 percent. Since we have over 10 percent unemployment (the government numbers only reflect those who qualify for unemployment benefits). These numbers do not include things like the small business that has gone under, and the owner who is now looking to recover. So the article in the LA times that "Retail sales fall 5.1% in July despite back-to-school lures" , is merely stating what a reasonable person could deduce without a lot of thought. However, it seems that people are confused. We have taxes and government encroachment at record levels, companies closing, and unemployment at the highest level since 1983, and the Market Oracle in the UK is calling these numbers Depression levels. We are decimating entire submarkets with programs like the "Cash for clunkers" which is nearly crippling the spare parts industry which has relied upon salvage to continue. With the government destroying the cars that supply the spare parts they are ensuring that we will be forced into the new models that are "green" and environmentally friendly. Much like the light bulbs that use less electricity, have only a slightly longer life span and are filled with toxic and hazardous mercury. So if we dispose of them in the landfill we pollute our water supply much more than a clean coal factory will produce carbon gases.
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So retail sales are falling why is this a shock and why are we surprised? We are not building anything, we have outsourced many of the technologically sound jobs to India, the Philippines, and Mexico, but we have kept the really important fast food jobs here. It is tough to afford designer clothes on a McDonalds paycheck. This will impact everything, not just clothing, but technology and every industry within this country. We are not creating things or even managing them, we are putting money into a mismanaged and now government controlled financial services industry, which is making 38 billion in nothing but overdraft fees. The solution is actually simple, it is just no one really wants to go through the pain. Much like diet and exercise, we need to put discipline upon our spending, and realize that life and everyday is a gift and not a right and start treating them as such. We do not need insurance to pay for all aspects of healthcare, we do not need the government to buy our cars in exchange for others that fund the general fund, we do not need a social security system. We need to start taking care of ourselves and taking the government out of the equation. The argument is that some people can't take care of themselves. True, but then we the people can figure out how to solve that problem and not pass that responsibility to another. The Bill Gates foundation has immunized more people in 1 year than the UN has in 10, for considerably less money. The difference? Someone who actually cares, and a group that exists for themselves. The government is filled with brilliant people, in a twisted and self focused system. We need to take those people and let them go back to industry and solve real problems instead of creating them.
So retail sales are falling why is this a shock and why are we surprised? We are not building anything, we have outsourced many of the technologically sound jobs to India, the Philippines, and Mexico, but we have kept the really important fast food jobs here. It is tough to afford designer clothes on a McDonalds paycheck. This will impact everything, not just clothing, but technology and every industry within this country. We are not creating things or even managing them, we are putting money into a mismanaged and now government controlled financial services industry, which is making 38 billion in nothing but overdraft fees. The solution is actually simple, it is just no one really wants to go through the pain. Much like diet and exercise, we need to put discipline upon our spending, and realize that life and everyday is a gift and not a right and start treating them as such. We do not need insurance to pay for all aspects of healthcare, we do not need the government to buy our cars in exchange for others that fund the general fund, we do not need a social security system. We need to start taking care of ourselves and taking the government out of the equation. The argument is that some people can't take care of themselves. True, but then we the people can figure out how to solve that problem and not pass that responsibility to another. The Bill Gates foundation has immunized more people in 1 year than the UN has in 10, for considerably less money. The difference? Someone who actually cares, and a group that exists for themselves. The government is filled with brilliant people, in a twisted and self focused system. We need to take those people and let them go back to industry and solve real problems instead of creating them.
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