Sunday, January 20, 2008

Are we in for a Recession?????

I was reading about a month ago when all the indicators were positive and the media was spouting gloom and doom. I read one article at that time, that if we have a recession one can blame the media.. Well,maybe it is here?? It looks like the administration is trying to do its part in reducing the effects of one. Isn't it when everyone starts worring about it and stops spending, That was what I have been told, so if the general population is told over and over, day after day that we are going into a recession, we get scared, even though employment is about 5% which is the lower end of normal 5=6%,This is a normal unemployment rate, anyway, the message has sunk in and that is where we are today. Home sales have declined, the government stepped in. I dont know how that has affected the housing market, but....The president has developed a stimulus package as a temporary measure to stimulate the economy. It will range from between 100 to 150 Billion. It will come in the form of an income tax rebate to those paying taxes, although the democrats want to include those not making enough to pay any taxes to be included in the rebate,which is not part of the president's package, so they'll compromise somewhere. It is also to include tax breaks for businesses. Let us hope it does what it did in 01.......And the media sees some "light at the end of the tunnel" I ramble.........

7 comments:

A Little Revolution said...

I wish I knew more about economics. I think I take a pretty simplistic view of it...so I don't dare analyze it. Depending on who you listen to we are doing anywhere from decent to at the edge of an apocalypse! I hope we are at the decent end of things! Have a great day.

You know I just re-discovered that your Master's was in Education. I'll be so glad come May and mine is done!

Tapline said...

ALR, The hardest part was the whole Day of Final Exams. I was almost sick. This exam covered everything, I was suppose to have learned over the previous years of study.....I passed with a lot of prayer.....you'll do great....stay well.....

Gayle said...

The economy is not in trouble, but if enough Americans are afraid to spend because of all the babble about our "suffering economy" we will self-generate one. Good point!

Gayle said...

Sorry, but I may have published more or less the same comment twice. I'm not sure, but when I went to publish the first comment, it simply disappeared.

Tapline said...

Gayle, That was the point of the article I read about a month ago. If one happens its because of the negativism in the press and I might add the democratic retoric about a high unemployment figure, and it isn't,,,you figure it out...stay well....

WomanHonorThyself said...

hiya Tap..still in sunny Fla here!..the economy from what I hear, is doing remarkably well..though you'd never know it from the media!

Tapline said...

WHT, I know and the congress critters are not helping the matter either.......and to top it off they want to give money to people who havent earned it, I really dont mind if it is a family who didn't earn enough to pay taxes,but I haven't heard anything about retirees getting anything,,, I ramble.....stay well.....