The Great Recession

DATELINE November 10, 2010:
The Great Recession

A very wise man once said history repeats itself, and we are doomed to be its servant. We are in the middle of Hard Times, but this is not the first time and probably won't be the last. Some are calling this "The Great Recession"
The last time it was:
The Great Depression

"After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression."

When I was a young man, my daddy had a man who helped work our land as a "Share-Cropper", which meant that we paid for the seed and provided the land, while he did the work, and then we divided the money from the sale of the crop on a fifty-fifty split. At the time this seemed like a good idea. Over a period of time Old Samuel was supposed to save enough of his money to buy the land from Daddy. The problem was that Old Samuel liked a taste of the jug, and laying in the bed with his wife, and it turned out that after ten years, he had seven kids and no money. In fact he was borrowing against next year's crop from my daddy to keep the kids fed and a little squeezins in the jug.

Now it seems to me that now that we are in these hard times, its time to get out of bed and lay down the jug and start plowing. Just like Old Samuel, most of us can't afford seven kids and laying up in bed with mama and the jug. We got some folks up in the DC area who have been sippin on the jug and borrowing against next year's crop for quite some time now, and its time to pay up!

It really don't matter whether you call it The Great Depression or The Great Recession, the fact is, the stock market is still in trouble along with the rest of us, and the only thing that is worth anything is hard money and hard work! Its time for those "stump-talkers" to get off the jug and get to work. And, you can tell-em I said so!

Bascomb Biggers
11-10-2010