Thank you, Robert Knakal of Knakal StreetWise and Charlie Crumpley of the LA Business Journal. You two speak truth. The Medias constant incessant whining about our bad economy needed a rebuttal. All we hear and see on the TV, the net, newspapers and on the radio is how the US is tanking, how horrible things have become, and oh my goodness -- they are going to get worse. What Knakal and Crumply point out is that we are nowhere close to the Great Depression. We currently have a National unemployment rate of 7.6% not 25% as it was in the Great Depression. We do not have mortgage rates of 18% like in the 1980’s. We are not at 11% inflation rate as we were in the 1970’s.
We acknowledge that people have lost jobs (check my blog post “Playground Layoffs”) but overall, a lot of Americans are working and they can pay their bills. We have faith that American ingenuity, hard work, courage and pure genius (we have some brilliant Americans!) will get us out of this down turn. So again, thank you Robert Knakal and Charlie Crumpley for speaking positively and stating FACTS. We do not need to see, hear or read about anymore “complete economic breakdowns”. Hey CNN, CBS, ABC, NBC, etc. we challenge you to stop preaching fear and start reporting with hope and faith in the American people. How about trying in a headline, “The U.S. has over a 90% employment rate” or maybe that won’t sell? Aha…..
You can find Robert Knakal at http://www.knakalstreetwise.com and Charlie Crumpley at the Los Angeles Business Journal http://labj.com . His article was in the Feb. 23rd OC Journal issue on the back page – the Viewpoint section. In my opinion. it should have been on the front page. But I guess good news is not news.
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