We Have Nothing To Fear But Fear Itself

Fear sells. We all know that. Salesmen especially. I've had salesman after salesman, selling vitamins to vacuums, use fear to peddle their product. Our environment is poisonous, and our food is losing its nutrition value. We need super-vitamins to survive. There are dustmites everywhere, and they'll kill you! Buy our vacuums. When people don't already have a need for something, create that need. Fear sells.

So what do you do if you're the candidate of hope and you've got a major expenditure to sell? Drop the hope, pump up the fear:

"A failure to act, and act now, will turn crisis into a catastrophe."
-- President Obama, Feb. 4.

Catastrophe, mind you. So much for the president who in his inaugural address two weeks earlier declared "we have chosen hope over fear." Until, that is, you need fear to pass a bill. (Charles Krauthammer, Washington Post)

The lead story on MSNBC.com today is jobs: Worst Job Loss Since '74. Meanwhile the Dow is up 174 points. Wall Street has taken a nasty beating, so I don't know why they would be unduly optimistic at this point. But if you look over the last six months you'll see the markets have largely flattened out. We're bouncing around between 8000 and 9000. We've spent about four months in that range now. This would seem to suggest a bottom.

In short, things may be poised to start getting better. So act now, before the Democrats lose this golden opportunity! Pay no attention to the good news coming in. Things are BAD! Trust us on this! We're the politicians that, through our economic ineptitude, brought you this recession in the first place! We KNOW what we're talking about (this time)!

I've said it before. Now could very well be the time for our leaders to boldly stand up and do nothing!

I Can't Afford To Take That Job

Here's an angle on the economy I hadn't considered: Because of the housing bubble, people can't afford to move to where the work is.

More than one hundred thousand Americans have just lost their jobs. According to psychologists who study happiness, that is the most miserable experience many people will ever endure. Getting back to work is the best medicine. For thousands of workers and their families, getting back to work means packing up and heading to a new gig in a new town. But many will find it difficult even to consider a move. Because it's tough to sell a house you could never really afford in a town now bleeding jobs.