28 Jan ‘Let them eat cake’ is now ‘Go work at Chipotle.’
Yeah, many Americans who think the downturn is already here are correct.
I imagine a Svengali type of figure standing on stage doing a hypnotist routine:
The US is not in a recession . . . the economy is fine . . . you are imagining your personal financial struggles . . . everything is OK . . . the US is not in a recession . . . these cycles happen naturally . . . go back to the cube farm . . .
“Almost half of U.S. adults — 46% — think the nation is already in a recession, a recent Morning Consult survey found. Meanwhile, 25% expect such a downturn within the next year.
‘We’re not officially in a recession,’ said Amanda Snyder, finance reporter at Morning Consult.
‘But if people feel that their money is not going as far as it was or their income is shrinking, then they personally are experiencing a financial downturn,’ she added.
The survey found 31% of more than 2,200 respondents have started taking steps to prepare for a recession.” -CNBC, Ibid. emphasis mine
Cue up Phil Gramm from 2008:
–https://abcnews.go.com/Politics/story?id=5835269&page=1 published on September 18, 2008
“Phil Gramm, John McCain’s former economic adviser, left the campaign in July when he tried to counter criticism of the Republican candidate’s economic policies by asserting that the country ‘had become a nation of whiners’ in a ‘mental recession.’
Even McCain came forward to say that he disagreed with Gramm’s remarks, adding that someone who’d lost their job ‘isn’t suffering from a mental recession.'” -ABC News
A MENTAL RECESSION! 😆 Lordy above, you can’t make this stuff up.
–https://causeyconsultingllc.com/2023/01/04/old-rich-white-dudes-think-youre-a-bunch-of-whiners/
Got it. So: if you are looking around and thinking, “Hmm. It seems like we are in a recession and people are struggling,” you aren’t supposed to think that. Naughty peon! This is like watching a replay of ’07 – ’08. If you think the country is in a recession, no. You are supposed to think that it’s only you personally suffering and you have fallen into a mental recession.
SMH.
“Meanwhile, half of U.S. adults — 50% — have not started preparing for a downturn, though they wish they could, the mid-January survey found.
The remaining 19% said they have not prepared because they do not want or need to.” -CNBC, Ibid.
That is scary to me. If you have not roughed out a job loss survival plan or if you freelance and you haven’t considered a Plan B and C, I am not sure what to tell you at this point.
*slips on tinfoil hat*
As I’ve warned you before: IMO, THEY WANT YOUR STUFF! If you are unprepared and one day a recession slaps you across the face and you’ve done basically nothing to provide a hedge of protection for yourself, it’s easier to take advantage of you and steal your stuff.
Jared A. Brock cuts to the chase:
“Hyper-Elites Are Desperate For a Recession Because They Want to Buy Your Assets for Cheap:
Recessions are part of the business plan for the great reset to serfdom”
It’s not a difficult formula: tell you all is well ➡️ keep you as pacified and in the dark as possible ➡️ crash the economy ➡️ say something like, “Oopsy daisy!” and take your stuff on the cheap.
The CNBC article offers us such strategies as: “1. Reduce your spending; 2. Boost your emergency savings; 3. Reduce your debt balances” although they admit, “Admittedly, record high prices at the grocery store can make it difficult to pare your food bills.” Um, yeah, do ya think?!
With many people living paycheck-to-paycheck and layoffs increasing, where is an emergency nest egg of money gonna come from these days? I guess the modern day “let them eat cake” has become, “Just go work at Chipotle because they got jobs.”
I know this is going to sound very gloom-and-doom, very Debbie Downer and I hate that. If someone has not already clued in that we’re in a recession and have been for months and they have not prepared for the economic storm, I am not sure how they are gonna make it. To be clear: I do NOT blame this on the average working class person. Not at all. The power brokers and the fat cats and their political cronies engineer these boom/bust cycles. It’s not John and Jane Q. Public’s fault. My point is: you have to understand the game. You have to read the tea leaves ahead of time. I don’t see any way around that. If we truly are “nine meals away from anarchy,” you had better consider your options. The onus is on you to look out for yourself ‘cuz I sure wouldn’t count on the state and Corpo America to do that for you.
“‘Man has lost the capacity to foresee and forestall,’ wrote Albert Schweitzer. A colossal banking crisis and a big freeze in the middle of what was meant to be a mild winter don’t encourage confidence to the contrary. Reassurance is fine as long as it’s well founded. And in the midst of fears about gas supplies and the panic buying of food Gordon Brown is hardly likely to scream that we are all doomed. It is, after all, his job to tell us that all will be well. But will it? People were shocked at the scale of social breakdown when Hurricane Katrina revealed a long-term, creeping erosion of civic resilience. Are we just waking up to the fact that several wrong turns have left our essential supplies much more vulnerable than they need to be?” –https://www.theguardian.com/commentisfree/2010/jan/11/nine-meals-anarchy-sustainable-system published January 11, 2010, emphasis mine
See what I mean? The politicos and talking heads feel it’s their job to tell you all will be well.
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