Austan Goolsbee

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

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In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.

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If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

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A Far Greater Threat

More of a threat to human existence than the economic recession is the ozone hole in the sky
That scientists claim is growing bigger as the years go by
Caused by carbon emissions that cause Global warming by experts we have been told
The climate is warming even in Lands known to be cold.

Compared to climate change economic recession as a problem seems small
To human existence on the Planet the greatest challenge of all
Is Global warming which we know is Worldwide
Due to our greed for material gain we've put Nature offside.

This World is for us to live in not for to destroy
For the future generation every young girl and boy
We are making life for them harder for our greed they must pay
I hope I am wrong in this though it does seem that way.

The economic recessions they come and they go
And after every recession the economy does grow
But Global warming to humanity is a far greater threat
As it does seem a matter of life and of death.

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Long live the Recession

The steel factory has
stopped to gorge iron ore
Coz due to recession
demand is no more.

Peace of barren mine
Undisturbed by a human kind
Beckons new birds and kine
To stay, populate and dine.

Flowers and Plants flourish
Younglings and saplings are nourished
The beheaded trees bloom
And crazy cuckoos croon

A young bird is building
a nest in the deserted house,
To please and cheer his
expectant spouse.

Far away a flamboyant bird twits,
“Mr.Recession is dead”
Other birds chirp
“Long live the Recession”.

Dr Hitesh C Sheth
27/11/2009

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Audacity of Hope

When the recession of opportunities
Knock downs, towns and cities;
When the flood of tension
Hits alike, huts and mansions;
When anxiety tortures life’s moments
And men wallows in teary torments;
When life is anything but easy
And only head shrinkers seems busy

Then, oh! Men
It is time to stand still
As ancient hills
of indomitable will
Which braves
Fiery storms
And wintry chills:

And your audacious hope
Should strive to climb
steep recession’s slope,
tightly holding
divine grace’s rope

Till in boom
The flood of recession wanes
Clouds of opportunities rains
And mad lives again becomes sane.

Dr Hitesh C Sheth

28/02/2009

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Adverse Conditions

Recession.
Depression.
Suppression.
Oppr ession...
And,
Digression.

Which one of these,
Would those chronically hungry and homeless...
Under-employed and those countless unemployed,
Do you believe would accept as a direction...
That least affects their plight?
And...
Hold accountable,
For their adverse conditions with promises...
Over decades that have passed,
That they would prioritize the undoing of them.

'Uh...
Recession?
That seems easier to take when said.
Depression?
That sounds...
Well,
Depressing.
And some folks have been suppressed to digress,
With oppression most of their lives.
To take that away from them would be demoralizing.
I'm sure many of them would feel that way.
Since most of them are seen doing that to themselves,
On a daily basis.'

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Regression Is the Term

Recession?
How about complete retreat,
From telling lies and deception?
Truth?
There is nothing like it!
However...
How is that introduced?
When none of that has ever been exposed!
Who will believe it?
When minds have been overdosed,
And eyes once shown...
Prefer to stay shut and closed!
Recession?
When something has been squeezed,
With nothing else from it to be released?
Regression is the term,
With a valued lesson from it to be learned.
And a life once lived to feed one's greed...
Shall never back to that kind of life
Will one return!
And that has been the diagnosis!
Accept it or not!
Delusions will still remain the choice,
If one should decide on getting a second opinion!
Or a third.
Or perhaps a fourth!
The truth comes without options.

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The Obnoxious Ones

Recession?
From what use to be to what is now,
Is a permanent 'degression'.
There is no 'procession' back to retrieve beliefs.
To feel relieved with a breathing done freely.
Not this time around!

And it does not matter who helms or leads,
This drastic shift!
Those accustomed to traditions,
That allowed their procrastinations...
Will be lost in the midst of this swift quickness.
To find they are unable to adjust to it.
Like those who have been treated with disrespect.
As if they did not exist...
To dream and wish.

Recession?
From what use to be to what is now,
Is permanent.
And a lesson for those who oppose differences.
Never to recover from their dismissal as misfits!
By the very people they shunned.
Who view them now as the obnoxious ones,
Stung to cling...
Onto a painful sting,
By their own actions done to feel so real.

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The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.

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The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they're not the enemy. They're the people that hire you. They're the people that are going to give you a job.

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Denialitis

It is true.
We are not in a 'recession'.
That happened years ago...
When we digressed from truth!
Remember the days when having 'that'
Had been the most honorable possession?
What we are currently experiencing,
Can be termed, 'Denialitis'.
The feeling of being swept away into oblivion,
And given cocktails and hors d'oeuvres...
To enhance the setting that has been romanticized.
And as long as that is kept from being diagnosed...
Call what is going on anything!
They have perfected disguising lies!
Since recession does imply,
An intended return to something,
Eventually!
Allowing an endurance that completely depletes...
But with a dignity held to be admired.
And as long as that is believed...
A complete bleeding of a quality of life,
Becomes more acceptable.
Much like a 'Night Before Christmas' story!
Keeping those thrilled with an anticipation,
A myth will come to gift them with sweet treats.

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We're still in a recession. We're not gonna be out of it for a while, but we will get out.

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We are in the middle of an education recession.

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Everyone drinks more during a recession; they want to forget.

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There are always, of course, job losses of a cyclical nature in a recession.

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Political Spin Recession Sold

I check reality
all the time
I can take it

no need for drugs
alcohol to escape it
a little wine is fine

an interesting thing
about dead end reality
is how few can face it

when political spin
is being recession sold
wholesale masses

wallow in it
shadows may walk
line sow facts

in face cold
of political edge
constructed

illusion
rhetoric
party

line sold
to further exploit
recession

unwaged
already exploited
get real

open factories
on shore
not off shore

in poor foreign
max profit exploited
sweat shop land

get real
create
local jobs

enough already fed BS
sucking up to sponsor
owner corporate bosses

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Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.

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Living in recession

I can’t tell you right now
What I am feeling
But I can tell you one thing that nothing is going well
I saw a picture yesterday
Actually I didn’t understand that
Full of bright colors and lines
Most of them are broken
What all these pictures represent
Are they pure art!
Or some artists trying to fool us?
But the thing is that when I stared at the picture
I thought it represents my mind
Full of emotions (nothing relevant!)
Living in recession with your dreams is a stupid thing
You have to step out from your shoes
In order to live a normal life
But what is the relevance of life with out dreams

The second thing I thought yesterday was
Why do people commit suicide
Last month one of my friends hanged himself
In his suicide note he had written;
‘I want to defeat god’
Is it possible to defeat god (god the almighty)
But with my normal capacity I can say that
By committing suicide we are defeating god
(or do we defeat ourselves)
Living in recession is a bad thing
Like thinking about suicide.

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You cannot spend your way out of recession or borrow your way out of debt.

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Americans don't think we should be raising taxes on anybody, especially in the middle of a recession.

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