Vol. 36: Reality CheckMILF heads! did you miss me? It's certainly been a long time since my last entry (august to be exact). But I am back in full eff

MILF heads! did you miss me? It's certainly been a long time since my last entry (august to be exact). But I am back in full effect after an extended slump in writing, motivation....pretty much life.

But that's another story. What's relevant is what I'm bringing to you today. with the holiday season (including Thanksgiving) on the back burner, life is slowly but surely returning to normal. Unfortunately, the condition normality for Americans remains to be economic turmoil. unemployment, inflation, and taxes continue to cripple the tranquility set forth by the Clinton Administration. So called professionals downplay the state of the economy, trying to reassure everyone that the recession, which "officially" began in December of 2007, is over. I'll break this down for you

An Economic Recession is defined as a general slowdown in economic activity. I'll come back to this in a minute.

Last month, The Bureau of Labor Statistics (bls.gov) released a report of the work experience of the population. according to this report, of the 157.5 million able bodied,non-student laborers, 21.2 million experienced unemployment at some point in 2008, an increase of 6.1 million from 2007. things only got worse in 2009, with rapid declines in construction, manufacturing, and information employment. These declined not because of inexperience of workers, but (at least in my belief) because of outsourcing.

Construction: many new homes on the market were pre constructed and brought to the lot.

Information: remember the last time you called State Farm or Dell? did the rep sound like Apu from the Simpsons?

Manufacturing: do me a favor. Go look at your iPod/iPhone, motorola or nokia cell, Wii, xbox, and/or PS3. Don't worry I'll wait................... Made in China right? BMW: Germany (sorry Susie); Nissan: Korea. Chevys: yup--windows from Milan, powrtrain from Germany and tires from South America.

what's even worse is the effect outsourcing has on the next generation of laborers (basically everyone reading this blog). among 16-24 year olds, only 46.1% are employed, the lowest percentage since the government started recording this data in 1948. 1 in 10 adults between 18 and 34 have been forced to move back in with their parents because they cant afford to live on their own. additionally, 15% of adults under 35 have postponed getting married and 14% having a baby.while they may not seem to be, having children and marriage do add greatly to the market (marriage means, new house, insurance, taxes, etc).

so lets do some math

outsourcing = increase of unemployment and underemployment (i.e. CEOs becoming bartenders)

un/underemployment = increase in welfare and public assistance/boomerang kids

increase of public assistance = increase in local and federal taxes (this is a condensed version of course)

increase of taxes + un/underemployment = less individual income

less individual income = decline in individual spending (on houses, cars, clothing, dining out, groceries, etc)

decline in individual spending = downsizing = increase in unemployment/underemployment

wait. was that the beginning of the cycle? i believe it was
in no way am i writing to instill fear in the hopeful. rather to educate, as i always do. i want everyone to realize that the professionals are right. The recession is over...because it's become a depression. a depression is defined as an economy that is in a recessional state for 3 consecutive quarters. January 2010 was the beginning of the 5th. So I'm urging everyone, don't believe the doubt. its not a recession to wall street because it doesn't effect them. it effects the working class. the people who wake up everyday at 4:30 in the morning to get to work. it effects the cops, firemen, small business owners, nurses, and even the meat cutters. It effects us. the people who were forced into a predicament brought on by a greedy and thoughtless Administration (yes, that was a shot at the GOP). and although things may finally be beginning to turn around, we are still a long way off from economic peace. So spend wisely, readers, before you become part of the statistic.

cant wait till the fall....ECON MAJOR BABY!!! lol

till next time, peace, love and eternal jazzyness.