Worst Recession Since Depression - Obama Has It Wrong For a Reason

Unless you have been hiding underneath a rock, you know the US along with most of the world is in a difficult recession. Many people have said this is the worst economic crisis since the great depression...and they would be wrong. And that includes Barack Obama...but he has a reason for what he says. Like most politicians, they have to exaggerate in order to convince whoever they are talking to that they are right and you should listen to what they have to say. I don't mind the tactic but his strong wording of this problem is making things worse. Recessions are partly psychologically driven...well, probably mostly. His talk of Great Depression causes great angst for those people that either don't understand the workings of the economy or are caught up in the horrible side effects of a deep recession and are having trouble seeing the light at the end of the tunnel.

We are in a hard recession...I am not denying that. But based on all of the figures (jobs and GDP being the most relevent), we are not worse off than we were in the 70's and 80's recessions. Obama uses jobless numbers for his figures instead of percentages because based on the latter, we are not as bad off...but those big numbers sure are scary and they are bigger than many of the past recessions...but we have more people working these days so of course the numbers will be larger.

I predict that Barrack Obama will greatly reduce his great depression mentions once the stimulus plan is passed and signed into law...which looks like will happen today. That is because I think he is using this strong talk (even though it is making things worse) to help get his ideas of what we need to help the country passed. If he doesn't stop this kind of talking, he runs the risk of elongating this recession and that would be very bad news for him in 2012. Whether he stops or not, don't fear because we will get out of this recession.

While I didn't vote for Obama, I do like a lot of what he says. The reason I didn't vote for him is because I either didn't trust he would follow through or would not be able to follow through. But that is neither here nor there.

I hope he heads my advice and stops going on about the worst recession since the great depression because it is hurting America. I have a feeling though, if he does stop in order to allow consumer confidence to come back, that he will definitely bring it back up again in 2012 when he tells the American public that he got us out of the worst recession since the great depression. Don't believe it...because it is not the worst and the President (any President) has little to do with getting us out or even getting us in to recessions for that matter. Keep doing what you are doing, take care of your family, have fun with your friends and work hard or work hard at finding a job and that is the best thing you can do to keep America running. God Bless!