Friday, May 1, 2009

Economy Sucks!

Somebody asked me what the definitions of recession and economy were just yesterday. Here was my reply. We don’t care about the definition of words like economy, economics, recession, or whatever. All we know is that our economy here right now really stinks, and it appears that it’s going to be like this for a very long time. When I was single, I just didn’t give a damn about how the economy had been doing, as long as I had my job and had food to eat and had extra money to spend on trips to the mall. This is especially true in my case since I come from a third world country, which doesn’t have everything that is available here in America, meaning that we are used to our simple life there, and we never worry too much about any problems that we encounter. However, most of the people there don’t own cars. We have jeepneys for our transportation, or we simply walk. We can also ask for vegetables and fruits from our neighbor’s garden in case we are out of food, so basically we are contented with whatever food is available at any given time, and we are contented with our dismal state of affairs. Most of us there thought that life in America is better. We would always overlook the idea though that people here earn dollars, but also spend dollars. If we convert dollars to pesos of course, it seems like a way better life is happening here in the United States. Now that I’m here living in this country with my own family, I have become acutely aware of how the economic success of America is essential to our lives. If the price of gas goes up, then our daily budget is substantially affected. Even with a job that you think is secure from any recession or bag of economic problems, you still have to worry about your living situation with respect to inflation and interest rates. Nice reply huh?

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