Economic Doom Watch Advisory
Posted by Richard S. on January 19, 2008
I believe that’s how the terminology changes when a storm that has been watched for has finally arrived, or at least is due at any moment. Is there anybody doubting the doomsaying now? If it’s not the whole system coming down (which might take a lot longer, with a lot more suffering in the future), at the very least we’ve got a serious downturn.
As usual, I seem to be among the early victims of the new recession - just lost my long-term wage stint, and I’m not optimistic about finding something to replace it anytime soon. (When I was first told that this layoff of sorts was likely, I was also told that it would be only temporary…but when it finally happened (after much talk for a little while), things had already gotten a lot gloomier. So, I’m definitely not counting on that “temporary” part anymore.)
It’s hard to resist the urge to tell a lot of people, “I told you so.” But “I told you so” is not so enjoyable in this case. Clearly, many people who might qualify to say “I told you so” are going to be among the first ones to suffer the consequences. The system is not going to reward people for speaking the truth (nor, in most cases, will it even allow their words to be heard except by a handful of comrades), and with the exception of a few stars here and there (academic or some other kind), most of the people who saw and spoke the truth are going to get smacked down by this thing that they didn’t want to see happen yet had no power to stop. The people who are going to suffer least, or at least avoid real suffering for the longest time, are those who were most willing and able to help perpetrate the scam. (Usual story - this is capitalism, after all.)
Sometime, I’ll collect some good new links about this crash… Though right now, it doesn’t seem as necessary because you can see it all over the mainstream news.
