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Show Can no ncQflior flic sform ? ber may not sell as well, and you may suffer a mild recession, as those who rebuild, re-build, buy dry lumber from your competitor. com-petitor. That's a mild or temporary depression. de-pression. Closer to the eye of the storm, your lumber and buildings suffer some damages, but enough is left to rebuild and you are able to stay In business, and salvage at least part of whst you once had. That depression is severe enough to set you back for years, while you try to regain the status quo you enjoyed en-joyed when the storm hit. But the lumber yard, directly in the eye of the storm, is wiped out. The lumber lum-ber is destroyed, buildings demolished, savings gone. There is nothing left. There is nothing to sell. No money to rebuild. There is nowhere to turn for help. That's the worst depression of all. So Mr. Carter, whether we are officially of-ficially entering a depression depends on They say one man's recession Is another ma:'s depression. The difference being over which one has a job. Officially j the country Is in a recession when the economy maintains a downward trend for two quarters in succession. President Carter admits we may have entered a recession April . 1, since the economy due to spending of savings showed a slight gain in the first quarter. He predicts a short recession, with the economy picking back up before the end of the year. Actually the nation has been caught up in a recession - inflatonary spiral for several years, ever since the 1973-74 1973-74 oil embargo. However, inflation and an almost panic spending spree has provided pro-vided a false economy, on paper. So whether you have been caught up in inflation in-flation - recession or a depression depends de-pends mostly on your own personal situation. situ-ation. The individuals with a steady job, with top wages, annual cost of living increases, etc, are the victims of Inflation, but their position in society is relatively little different than pre -1973. While the individual who has not been able to maintain main-tain his status quo, but still has a job and income, but has had to tighten his belt to survive, Is suffering from a recession. re-cession. Those on fixed income, out of a job, or who are unable to keep up with minimum living expenses ars already in a depression. We liken a depression to a big wind storm of hurricane proportions, and how It affects you depends on how close you are to the eye of the storm. In other words, if you own a lumber yard, just outside the path of the storm, and suffer no damage likely you will benefit from the storm, by selling more merchandise to those who do. So even from disaster, some will prosper. Howerer, if your lumber yard gets hit by the edge of the storm, your wet lum- where you sit. True, some are just beginning be-ginning to be buffeted by the wind. Some have already suffered costly damages, and set backs. Some have already sustained sus-tained severe losses and over extended, are only waiting for the eye of the storm to wipe them out. And for those who have lost their jobs, many on fixed income, in-come, and those who have already lost their businesses, the eye of the storm has already hit. It's time for President Carter to come out of the Rose Garden and get a little wind in his hair. His anti-inflationary policies are building and the eye of the hurricane is getting bigger and bigger. High interest, mora taxes, mora bureaucratic regulations just add fuel to the fire, or more appropriately, add one hurricane to another, for a gigantic storm, with an eye the size of the whole country. "Red" |
