Today when taking my son to school I heard a local talk radio host telling his listeners about the growing industries in this current economic crisis.
Romance novels. Harlequin Romance is selling books like crazy, mostly escapism style tales.
Movies. Both rentals and box office sales are up.
Gardening. People are starting to plan bigger gardens than last year.
So what does this mean? I’ve been saying for months that these signs are typical of what was occurring during the Great Depression of the 1930s. People sought escape in books, movies, and gardening just like they are doing today. Yet we hear nobody calling this mess the financial and banking industries have gotten us into a Depression. Are they so afraid of that word?
Not surprising AIG has handed out 165 million dollars in bonuses to the incompetent executives who sold loans and made bad business decisions. Unlike the 1930s the government didn’t let them collapse like they should have. So worried about the stockholders losing money our government propped them up just so they could pass out the money to people who drove us to this teetering brink of utter disaster. Whereas I don’t totally agree with former Vice-President Chaney who claimed the blame shoudln’t fall on the Bush administration, I do agree that Barney Frank and other Democrats neglected to monitor the financial industry. Yes former President Bush should’ve put more of his attention into it, but these people were sworn to do that duty. They failed, yet got re-elected. What a crock of dung!
My suggestion to you is to get a book from the library about the Great Depression and study it hard. Figure out what your great-grandparents or grandparents did to continue to put food on the table, a roof over their family’s head, and money in the bank. I’m sure you’ll find some s0lid advice.