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The Shape Of The Economy

by Shelly Kneupper Tucker on March 9, 2008

I listened with half an ear to the news as an economist pretended he was “Chicken Little.” You know Chicken Little—the critter that went around chirping, “The sky is falling, the sky is falling!”

That fella said we are entering a recession (you need degrees and stuff to tell you that?). He said that we would have an economic downturn, and when we get the tax rebates our President has arranged, the economy will pick up for a short while, then plummet again before it’s on the mend.

I got my Sweet Spousal Unit, who knows how to do all sorts of handy things, to chart this on a graph so that you could see it:

the-w-chart.jpg

With a totally straight face, the economist called it a “W-shaped Recession.”

Well, what do you expect under the leadership of

George W. Bush?

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{ 5 comments… read them below or add one }

jen March 9, 2008 at 8:56 pm

My poor husband has found, through his brother’s genealogy hobby, that he’s a distant cousin to the Current Occupant and the VP. He’s not handling it well. :roll:

jen’s last blog post..Friday Fun

Oh, I’m so sorry for him :twisted: Fortunately, your husband can overcome his genetics. But, don’t go around telling everybody!!! :lol:

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Robin March 10, 2008 at 12:28 am

The W recession.

Bwahahahahahaha.

It would be funny if it weren’t so sad. Living overseas but getting paid in dollars, I’ve been hit with a 20% REAL paycut (!!!) over the past year because of that man.

Robin’s last blog post..The Ever-Shifting Canvas

It IS kinda sad…and though I blame Bush (because he’s handy…and such a good target), there are a lot of other factors in the equation. I have to laugh, but that doesn’t mean I’m not frightened about where this is all going.

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Jessica The Rock Chick March 10, 2008 at 6:46 am

The W Factor! I have to say, it’s pretty bad around here. The next town over is generally pretty wealthy. Not Bill Gates wealthy, but certainly not hurting for anything. I can’t even tell you how many homes are in foreclosure there.

My hubby says at the police department there’s a big surge in auto repos, too. Lenders are obviously getting very nervous!

Jessica The Rock Chick’s last blog post..A Womp Bop A Looma

It’s bad everywhere, Jessica. This weekend in the Dallas Fort Worth area, there was a huge auction with more than 100 homes going on the block due to foreclosures. It’s scary. But for the Grace of God, it could be us!

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MotherPie March 10, 2008 at 7:10 am

W. right. I’m concerned about this recession, though. I’m not so sure it will go up… I think there are more underlying forces at work. Oil scarcity. Food prices rising.

I’m afraid I agree with you on that, Mother Pie, but I’m like a turtle with my head pulled into the shell. We’ve got food prices rising like crazy, and there are more forces working on that than just the economy. Weather factors ruining crops, honeybees dying….I can’t blame it all on George, but he’s “convenient.”

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Barbara Ling (aka Owlbert) March 19, 2008 at 2:41 pm

“Sweet Spousal Unit” – utterly classic. I’ll include this in my other husbandly referral words (which include Fuzzbin (as our kids are fuzzes), Starlan Huzb (as we’re geeks) etc.

Enjoy,

Barbara

Barbara Ling (aka Owlbert)’s last blog post..How to Recession-proof your blog and business today – Secrets revealed!

I got tired of using DH, so I use SSU…:lol:

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