Are you scared? ---
By Bethany1202
@Bethany1202 (3431)
United States
March 29, 2008 11:02pm CST
Living in the USA, it is said the economy is getting really bad and we are in a recession that might be almost as bad as the Depression.
How many of you out there are scared this will happen? If you have a job, has this had any impact on your job, such as cutting hours back or laying off people? If you ahve a job, even if it isn't the greatest, are you grateful for this job, when many people don't have one these days or are not secure and worried they might be out of work soon?
5 responses
@iriscot (1289)
• United States
31 Mar 08
I grew up during the depression of the 1930's. We had no money to buy any luxuries. We did survive it and learned a lot about what you can do without money.
It looks like the President and John McCain have the same theory that President Herbert Hoover had, big business will straighten it out and the government won't have to do anything to help.
It took a new President, Franklin Roosevelt to get things up and running again, and he did. He put people back to work and started money flowing again. Money has to continually flow or the economy dries up.
A lesson our family learned from the depression was not to trust the Republican party, they care only about the wealthy!
I wouldn't worry too much about the future, the Democrats will be back in power after the election in November and things will turn around.
We are spending all of our money in the War, over 800 billion so far and it will reach a trillion before long.
1 person likes this
@iriscot (1289)
• United States
1 Apr 08
Hang in there Bethany, it sounds like you have your head on straight.
I was a city commissioner for 12 years and learned a lot about how the government works.
I was defeated by a much younger man and lost my insurance and the 6,000 a year salary. I also worked part time at a lumber company and they cut back, so nothing is coming in from that source. My wife and I are surviving on our social security which amounts to around 13,000 a year. When I retired from a small business at the age of 62 I had it figured out that we only needed 9,000 a year to survive on and the rest we could spend on trips and luxuries.
We all know how inflation is eating up our incomes. Big oil is one of the culprits and as long as the oil mogils in the white house and his staff are in power oil prices will continue to rise and so the gasoline we need will also go up.
I know I make it sound like gloom and doom, but hang in there it will get better for all Americans after the new Democratic President is elected in November.
Take Care and I wish you well,
Robert L. F.
1 person likes this
@Bethany1202 (3431)
• United States
31 Mar 08
Wow, that's a lot of money! Almost unbelievable!
I'm definitely hoping things will look up. My hours have been cut back, but only a few a week and I am really trying to watch what I spend and only get the necessities for the most part, just in case.
@QueenRainbow2001 (139)
• United States
30 Mar 08
I was just telling my husband to be more grateful for his job, and that others would love the security it gives us.
I am an apartment manager, and he's the maintenance man. We take care of 2 complexes. We get a free 2 bedroom apartment, utilities paid, and hourly pay for all cleaning of units, properties, and maintenance. Our hours have been cut back a bit due to people not being able to move as easily.
1 person likes this
@Bethany1202 (3431)
• United States
31 Mar 08
Well free room and board plus utilities (& water?) is not a bad deal at all, as that tends to be nearly one thousand dollars in my area... although being on-call sucks. Still, I am so grateful for all that I have. I try to think of times I've had it worse and others that have so much less than I do.
@winterose (39887)
• Canada
30 Mar 08
I am scared and I live in canada and that is because our economies are so closely tied that if the usa goes down canada will follow.
1 person likes this
@Bethany1202 (3431)
• United States
30 Mar 08
Let us keep hoping things will look up! Things are not looking good now, but I suppose you never know. Besides, one should never give up hope!
@skinnychick (6905)
• United States
30 Mar 08
I don't work but I know a lot of people losing their jobs...in the corporate world mostly. Jobs in technology and such that seemed so secure are just gone. Sad and I do think a recession is upon us which is why we need a monumental change in the government. We need to be dug out of this mess we are in!
1 person likes this
@Jody20 (887)
• Netherlands
30 Mar 08
Í'm not scared yet, because i live in the Netherlands, over here the economy isn't doing that bad. The only bad thing for me at the moment is that the exchange rate is very low(1 dollar is only 63 eurocents), but in the long run the bad economy in the USA will have effect worldwide i think.
1 person likes this
