Showing posts with label Boomtown USA; economic news. Show all posts
Showing posts with label Boomtown USA; economic news. Show all posts

Monday, March 10, 2008

A matter of perspective

While it's easier than ever to succumb to fear and negative thinking, due to the 24/7 nature of today's news cycle, Boomtown USA's Jack Schultz offered us a healthy dose of perspective, in this post from Friday.

He writes, "I’ve become more convinced that we’ve become a country of worriers. Last year 2/3 of Americans thought we were in a recession, when in fact, all of the economic data from this past year clearly showed that we were not.

We scared ourselves to death in the 70s when we thought that OPEC was going to rule the world, in the 80s when the Japanese were going to buy up all of California (Do you remember when the land under the Imperial Palace was worth more than ALL of California?), in the 90s with the “giant sucking sound to Mexico” and today with offshoring.

My guess is that we’ll find something new to worry about in five years. Meanwhile, we’ll have added several million new jobs, the economy will continue to grow, we’ll be doing even better than we were in 2008 but we’ll continue to think we are going off the cliff."

I'm not suggesting a Pollyanna-ish take on the problems of society, but Schultz has a good point. He also has a good post about artisanal cheesemaking that is pertinent to our own home state.