Posted on 10/30/2009 10:16:03 AM PDT by Red in Blue PA
It seems the financial crisis isn't all doom and gloom: one in four people are glad the world's economy slumped like it did, because it helped them realize their priorities in life, according to a global survey.
Market research firm Synovate polled around 11,400 people across the world and found more than half had permanently changed their attitudes towards money over the last 12 months.
Another 47 percent, however, said they were looking forward to being able to spend freely again.
(Excerpt) Read more at cnbc.com ...
The only good thing is that the “malaise” will cost the Dems their power.
Class envy. The broke dicks want everyone to be down at their level in squalor.
I cry BS. Nothing forced these people not to work when times were good. They are adjusting psychological to a new reality.
One in four almost too stupid to breathe.
Now the newsmedia have a new soundbite: One in Four are glad that the economy failed. Whoo-Hoo! Red-blooded Americans are thrilled that it all came crashing down!
Uhhhhhh, does the media have no shame at all?
If it were another outlet, I could imagine the intent was innocent. You know, find the silver lining sort of thing?
But this is CNBC, and they most likely want the Obamabots to be happy with their dear leader.
That means 3 our of 4 hate this economy.
A lot of bad things were happening in the economy which needed to be straightened out, especially with the banking and real estate insanity. If we had somehow avoided/prevented this recession the next would have only been much worse. I think the Fed did a lot of damage in trying to mitigate the recession back in 2000-2001 (some necessary because of the 9/11 attack) by keeping interest rates too low for too long.
Is the recession bad? Yes. But more of the same from the 2000s would only have made the next one worse. And I fear some of the cures (the Fed giving away money at less than the inflation rate, ie. cheaper than free; cash for clunkers; and the $8000 home buyers' tax credit) are not allowing the necessary economic healing to take place.
I agree. This is bs.
I would agree if there was no Stimulus. That will only protract the pain as it did in Japan in the 1990’s.
Both the TARP and the Stimulus were handled badly. TARP should have been done more like a controlled demolition like much of the Savings and Loan collapse in the 1980s. Find an unstable bank, get the valuable assets that can be salvaged out and then destroy it so it doesn't damage any good banks nearby. Repeat as necessary. There should be no company named AIG anymore. It should have been destroyed as a corporation. Similarly with many of the other big banks. Instead we prop them up and they can learn the lesson "We can do anything and nothing will ever happen. We rule the world!".
The Porkulus bill was just 535 Congressional "gimme" lists stapled together into one bill without any aim other than to carry the treasury back to friends in their districts in big dufflebags with dollar signs stenciled on them.
“it helped them realize their priorities in life”
What kind of weak, unthinking, sheep-like moron needs a recession to realize that? I understand disasters help us to become more of the person we already were. That is, when things go really bad, your truer self comes to the surface, and you can see yourself for what you are.
But we’re talking about real bad things here, like almost dying. Not getting your hours cut or getting laid off. Not seeing GDP drop a few and unemployment rise a few points. Though significant, it’s nothing in the grand scheme of badness. It shouldn’t make you realize anything about yourself deeper than “Hey, I gotta go get a new job as soon as possible.” I suppose some people use it as an excuse to find a new line of work, but mostly, it would be necessity, not some new realization, that causes them to look elswhere for happiness.
It can be, for specific individuals, if they needed their priorities realigned. I don't think anyone is saying they would seek out a recession. What they are saying is that something good came out of the misery.
We can always choose how we will react in a given situation. In a recession, you can sit around and wring your hands in despair, or you can let it teach you some lessons while you walk your way through the storm.
“Both the TARP and the Stimulus were handled badly”
I wonder how a stimulus could possibly be handled well. It’s based on an entirely faulty economic rationalization. And while it is possible that the money could go to good concerns, with a chance to make a profit and expand our nation’s productivity, what are the odds? It’s a crapshoot.
It’s also possible that the money could be used to build things people could need at some point. For instance, mending “our nation’s crumbling infrastructure” that I’m always hearing about. But in the present—you know, where the recession is—how much of an effect will it have? Nevermind the future; by the time that gets here, the recession will probably be over.
In conclusion, I have no reason to believe federal largess will ever be handed out on any basis but Congressional gimm-lists stapled together. Why would we expect any different? What does the government know about what to invest in?
“It can be, for specific individuals, if they needed their priorities realigned.”
What you describe isn’t the article’s spin on it. In their case, people are awakening to the way they’re truly meant to live. Like a bunch of Thoreaus, setting out to live deliberately. In reality, their priorities are being realinged for them, against their wills.
Yes, you can learn from what happens to you. But in the NOW, where the recession is happening, people are reacting to it, not using it to reach epiphanies.
Well, I happen to think that a bigger downturn is the only thing that can save the country. The population has already made a turn toward the right and that will grow as the system collapses. People return to their roots in times of struggle and I don’t see that as a bad thing. Savings, efficiency, value for honest and personal relationships will thrive. We have been in need of a character building exercise for at least 4 decades. Maybe this will make us, or break us. But we’ve been headed toward this moment in history for at least half a century. This hasn’t been the Amnerica envisioned by its founders for a loooooong time.
“...one in four people are glad the world’s economy slumped like it did, because it helped them realize their priorities in life...”
...and the selfish bastards don’t care who else is suffering or how many lives have been ruined. It’s all about them.
I disagree. It makes people who were living in a fantasy world wake up to reality, smell the coffeee, if you will, and that’s good. It makes people defer spending in lieu of paying down debt and that’s good. We’re mostly all praying the other shoe won’t drop, but we know it probably will. The dow is down 211 btw.
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