This recession isn’t *all* bad.


Because I think that I can say with some certainty that, on the Great List of People and Groups Whose Economic Status I’m Worrying About*, the wives, girlfriends, and mistresses of suddenly-anxious Wall Street financial types is somewhere on the part of the sheet still left in the printer when I ripped out the list in a hurry on my way out the door. Extra credit for the blog, which I cannot make myself link to. I’ve tried. It just ain’t happening.

I suggest that they start dating electricians. If the electricians are interested, of course. Although Allahpundit’s apparently willing to take the hit for the team…

Moe Lane

PS: My wife’s response to the story? She started singing this:

Which is harsh, not to mention ironic. After all, the song’s about people who are actually contributing something to society; it seems unfair to connect it to the club above…

*The top of my list? My mom, of course. Not that she’s in trouble – if she was, she’d be living with us right now – but because she’s, you know, my mom.

Crossposted at Moe Lane.


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I feel my inner Marxist awakening,

icbm (Diary) Thursday, January 29th at 11:08PM EST (link)

as David Donadio wrote at the Conventional Folly blog:

http://americasfuture.org/conventionalfolly/2009/01/28/can-you-make-it-through-this-piece-without-dry-heaving/

 

And I think this recession would be great

icbm (Diary) Thursday, January 29th at 11:13PM EST (link)

if the Democrats didn’t get in the way.

As someone wrote recently at Powerline, the recession doesn’t reveal a failure in the markets. It reveals the success of the markets. The markets are currently correcting for massive and stupid government intervention and unjustified speculation.

 

I hope this is not off topic...

DONTREADONME (Diary) Thursday, January 29th at 11:37PM EST (link)

but I hope that people who lived in their means for the last eight years and enjoyed considerable success are not punished because of this recession.

Lastly, I provided stimulus to the country this last weekend, bought a new 120 Hz 42″ LCD 1080p Awesome never seen a picture like it, called a plumber at the crack of midnight for an emergency pipe burst due to the global warming that occured after the brief global cooling which ran $400, hired a TV repairman to fix my toshiba 52″ DLP which was $400.00 dollars and a few other things that I found good deals on due to the demise of circuit city. Anyway as a SME engineer contracted to the USMC, I suspect to be employed for the next two years; hopefully, I will be safe from the Obama recession, whoops sorry Master of the Universe, I mean Bush recession that somehow began immediatly following the Democrat takeover of Congress.

If anyone has an issue with the Government contracting thing, the beauty of it is I provide a product to the Government that costs the taxpayer less in the long run rather than hiring me as a full-time Gov employee. Also the benefits are better in the private industry, and now that includes the retirement plan as well. Lastly, the icing on the cake is the Government can not renew contracts when my services are no longer needed, no continual burden on the tax payer due to the requirement of an act of God or Congress to lay me off as a Government employee.

good points, and have no doubt but

icbm (Diary) Friday, January 30th at 6:12PM EST (link)

the people who lived within their means will definitely be punished

 

The key words, as you stated,

Justin_Case (Diary) Friday, January 30th at 6:17PM EST (link)

are living within your means.

My wife and I have tried to do so.

We drive cars we have owned forever ( my Nissan pickup, which I bought new in 1992 has almost 300 grand on it), and we live in a modest, but nice house. A few years ago we almost had the house and 2 acres paid for, then we bought 8 more acres that adjoined us. Turned out to be a good investment as they are no longer making any more land.

We have taken very nice vacations where we backpacked in the UK and we plan to see Alaska this spring. It won’t include any five star destinations.

Sounds like bragging? I don’t really give a rip. What’s important is that we have attained a level of security and have been able to enjoy life because we have not taken on a lot of debt and have lived within our means.

I forgot to add that we have a history of not only working hard, but we also have worked together.

Potentially the single most important things Americans should learn.

Vegas_Rick (Diary) Friday, January 30th at 6:47PM EST (link)

“What’s important is that we have attained a level of security and have been able to enjoy life because we have not taken on a lot of debt and have lived within our means.”

I am in a similar situation. I haven’t changed my spending or savings habits as a result of the economy. I’m planning a cruise this spring.

“God is great, beer is good and people are crazy.”- Billy Currington

“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘press on’ has solved and always will solve the problems of the human race.” Calvin Coolidge.

Good for you.

Justin_Case (Diary) Friday, January 30th at 8:31PM EST (link)

Take plenty of pictures.

We’re heading up to WVA for our annual family ski trip on the 21st. Wouldn’t think of missing it. Three nieces and a nephew who are almost able to keep up with this 60 year-old.

One more thing. Whenever times get a bit tough, we manage to eliminate things we don’t need. I no longer drink alcohol or smoke cigars and never have played the lottery. It’s not that hard and a lot better for this old man.

Exactly, Justin...

DONTREADONME (Diary) Saturday, January 31st at 1:35AM EST (link)

I have not had to change by spending habits due to my causious approach to buying a home and other durable goods. In addition, I recommend if anyone can to save enought cash in liquidity equal to 6 months of salary after taxes. If you can even get 3 months worth of savings equal to your take home pay, you will be able to spread it out so that it last longer than the 3 months needed.

“One more thing. Whenever times get a bit tough, we manage to eliminate things we don’t need. I no longer drink alcohol or smoke cigars and never have played the lottery. It’s not that hard and a lot better for this old man”

I agree, taxpayers like us when in a debt position will cut spending in an immediate effort to equate the books. Why is it so hard to expect our Government to do the same. Live with in your means, what a revolutionary concept, huh? Lastly, I am a young man and I must say we do not differ one bit in the way you and I deal with a change in spending habits.

Amazing what self reliance

Justin_Case (Diary) Saturday, January 31st at 6:57AM EST (link)

can do. It’s gratifying to see young people aware of this.

Have a great weekend.

 
 
 
 
 

Obama wants a recession

olsmithie (Diary) Friday, January 30th at 7:53PM EST (link)

We , as you folks obviously have, elect not to participate.

Regards

Wise Old Smith

Justin_Case (Diary) Friday, January 30th at 8:37PM EST (link)

I will have to remember that!

 
 
 

The markets are currently correcting for massive and stupid government intervention and unjustified speculation.

izoneguy (Diary) Thursday, January 29th at 11:57PM EST (link)

And Obama will make sure they keep doing that as long as he is in office. Can you say roller coaster?

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

I can't wait for the post-Obama market correction

icbm (Diary) Friday, January 30th at 6:20PM EST (link)

If he doesn’t turn this one into a depression, I won’t be surprised if we have a depression at the end of or not long after his presidency.

Business will punish Obama

izoneguy (Diary) Friday, January 30th at 6:33PM EST (link)

Business is on a blood letting and if this pork bill gets passed I really feel sorry for the rank & file workers of this country. 100,000 this week and probably just as many next week and the week after. Business leaders can tell the workers to let King Obama hire them. Labor is 75% of the overhead in most business’s……..

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

The trouble is that Obama WILL hire them

icbm (Diary) Friday, January 30th at 6:40PM EST (link)

that’s one

and, two, a number of businesses will line up to suck on the governmental teat, even if they never have before. if obama makes it clear that the only way to get ahead is to curry favor with the government, then businesses will start doing that.

 

Government is so pervasive that business

Achance (Diary) Friday, January 30th at 6:44PM EST (link)

doesn’t dare openly oppose it anymore. Speak out and you don’t get contracts, the OSHA inspector drops by, the EPA takes a sudden interest, the US Attorney puts you on his “Friends” list. That horse is out of the barn and it is why there is no hue and cry about “Card Check” the was such legislation was adamantly opposed by business in the past.

In Vino Veritas

Right - and that's how it is NOW. Imagine how it

icbm (Diary) Friday, January 30th at 6:52PM EST (link)

will be in four years.

We can only hope for a future major correction to offset what Obie-Pelosi-Reidi will do, similar to Reagan’s correction in the early 80′s.

 

Right - and that's how it is NOW. Imagine how it

icbm (Diary) Friday, January 30th at 6:52PM EST (link)

will be in four years.

We can only hope for a future major correction to offset what Obie-Pelosi-Reidi will do, similar to Reagan’s correction in the early 80′s.

That's the scary part, icbm;

Achance (Diary) Friday, January 30th at 6:57PM EST (link)

I think they looked at the lessons of ’92-’93 and are going to do everything in their power to thwart a Republican counterattack. I know I would if I were them, so I have to assume they’re thinking that way. Why else would you “identify, fix, and polarize” talk radio. I’m pretty familiar with Alinsky tactics and with Marxist bargaining tactics; nothing’s surprised me so far.

In Vino Veritas

 

Isn't this the way

izoneguy (Diary) Friday, January 30th at 7:01PM EST (link)

a marxist government operates?
Drive capitalism out and have millions of poor
huddled masses to care for?

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

 

It won't take four years.

mbecker908 (Diary) Friday, January 30th at 7:43PM EST (link)

There’s a better than even chance that the landscape will be forever altered by the summer recess.

Pro-union legislation will blow through this congress like bacon through a goose. Just look at BO’s executive orders in his first week. And the first bill out of the congress. Future Republican administrations will not be able to turn back the clock because the damage will be done quickly.

The “stimulus” package already contains the genesis of national healthcare. The final legislation may not be passed by May 30 but it will be being fine tuned and will pass by the end of the year.

You ain’t seen nothing yet. And don’t even think about turning back the clock on any of this stuff. Take a hard look at the New Deal and the Great Society and note how much of that we’ve been able to kill. Hint: virtually none of it.

As I've said all along; 100 days.

Achance (Diary) Friday, January 30th at 8:19PM EST (link)

They really want to get right what they think FDR did wrong and get to a full socialist economy as quickly as possible; no half measures and no opening for a revanchist counterattack.

In Vino Veritas

I agree Art.

mbecker908 (Diary) Friday, January 30th at 9:28PM EST (link)

This is the political version of The Perfect Storm. And we’re in the little teeny boat.

 
 
 
 
 
 
 
 

The first time I read the article

aesthete (Diary) Thursday, January 29th at 11:58PM EST (link)

I honestly thought it was a parody.

The act of defending any of the cardinal virtues has today all the exhilaration of a vice – G.K. Chesterton

 

Those posts were hilarious

phxg (Diary) Friday, January 30th at 12:01AM EST (link)

The vapid hussies were, no doubt 100% Obama Girls. The best comment was “I heard through the grapevine (aka Twitter and Facebook)”.

On an entirely unrelated note. I really, really like the WordPress backend. Just sayin.

It is the mark of an educated mind to be able to entertain a thought without accepting it. –Aristotle

 

The only words I can come up with for these whores is

Leopard1996 (Diary) Friday, January 30th at 11:45AM EST (link)

Go Screw.

“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen

 

My, my, my, what shallow little people.

janis (Diary) Friday, January 30th at 5:58PM EST (link)

When their significant others have problems at work and don’t have the time to devote to them as they demand, their response is”I didn’t sign up for this”? Get a clue, you dimboes, none of us “signed up” for difficulties and disappointments in relationships, but it comes with the territory. It’s that nasty little thing called “life.” And it requires those other little things that they apparently didn’t sign up for either “Character” and “Commitment”.

Like you, Moe, I have kept watch over my elderly parents as they are my first concern. As true conservatives, they have been wise with their money and are in no danger. It is for their generation that I mind this the most. They paid their dues in the Great Depression and my dad served in WWII. If any group of people deserve comfort and security, it is the ones in this age group.

The dimboes? They deserve the absolute nightmare of moving to the Midwest and eating at chain restaurants instead of the boutique eateries in NY City. BwaHaHaHaHa.

No, not Ruby Tuesdays! No, no, NOOOOOOO!

icbm (Diary) Friday, January 30th at 6:10PM EST (link)

Even worse, icbm, Longhorn Steak House.

janis (Diary) Friday, January 30th at 6:17PM EST (link)

Or Logan’s Roadhouse where they eat peanuts and throw the shells on the floor. Just imagine all those little princesses in their Ferragamo’s and Manolo’s crunching their way to the back table so they won’t be seen by anyone they know.

‘Course, anyone they know there would be there because they’re in the same shape financially. I’d invite them over to my farm for a sandwich and some ‘shine, but they’d faint dead away when they realized they could see horses**t down in the pasture out my kitchen windows.

I don't know those. I'll have to try them sometime.

icbm (Diary) Friday, January 30th at 6:32PM EST (link)

Guess I haven’t lived in the right places.

Pretty good steaks, decent enough prices, goodly

janis (Diary) Friday, January 30th at 6:58PM EST (link)

assortment of beer if you drink that, and hardly a yuppie in sight.

What more could you want?