MoniqueC

MoniqueC
Location
Vancouver, Washington, USA
Birthday
December 20
Title
Queen
Bio
What do you want to know? I mean, like, really? And is it relevant? Or does it just help to know who, or what I am? On the other hand, maybe you really adore me and are so fascinated by my writing you want to know everything about me. I suppose that's a possibility, but a slight one. I'll have to rethink this bio thing.

Editor’s Pick
SEPTEMBER 15, 2009 3:07PM

News Flash! The Recession is Over!

Rate: 27 Flag

 

I get all my news from only the most trusted sources, so it must be true. After all, the Federal Reserve Chairman said it himself, and who would know better than he? I, for one, am greatly relieved to hear this. Whew, that was a close one, wasn’t it?

 

For those of you still struggling with the whole jobless situation, or the lack of money thing, or even, for lack of a better word, poverty, impending or present, I’m certain this comes as a great relief. You may now begin breathing again.

 

Breathe in, breathe out . . . don’t you feel all better now?

 

Me either. I mean, sure, it’s nice to hear that we expect things not to get a whole lot worse, and especially for those who haven’t yet lost things, like their livelihood, their houses, their cars, their self-esteem, their savings, etc., but for those who have, the question of the day is: when do I get those things BACK?

 

Oh, and get this: it’s going to be a slow recovery, which means that many people won’t even notice. At least that’s my take on it. Granted, I’m not an economist and don’t even play one on TV. I’m just an accountant who has lost everything she owned not once, not twice, but THREE times. Of course, by the third time there wasn’t that much left to lose. Honestly, there wasn’t that much by the second time. This was actually quite lucky for me, because by the time this crash came around I had nothing to lose. Okay, I had a bit, but not so much that I had to watch everything I worked for all my short yet stunningly dramatic life slide away into nothingness. I already did that.

 

I lie. My life has not been short, though if it were to end now, it would be.

 

Each time I’ve lost everything and attempted the struggle back up through the Pit of Despair and the Slough of Despondency I did not, despite popular wisdom (I picture Wisdom in high school, perhaps she’s a cheerleader, which would account for the popularity) become stronger and learn valuable life lessons. I did not thank anyone for allowing me to feel the depths of utter misery and then emerge, Phoenix-like, rich and successful and brand new, a changed person.

 

Still the same person. Still struggling with my own personal demons. (I call them Larry and George. Persnickety fellows too.) Still waiting to be discovered by New York (though in what capacity, I can’t say, but I think I’d make a good street urchin, if it weren’t for the age thing.) Still figuring out what I want to be when I grow up, which doesn’t seem to be coming at me any faster now than it was years ago.

 

Still proceeding onward.

 

Have I told you about my car? It’s an older car, bought in haste when my former car, which wasn’t that old, died an undignified death and blew up but not, unfortunately, with a pretty explosion. The transmission died, and since I couldn’t afford to fix it, I bought another car. This seemed a wise move at the time, though it may defy logic now. The new yet older car was cheap, and I got terms on it, thanks to Stew, who’d already purchased a car from the dealer. (What does it say for my credit rating when a mentally ill unemployed guy has to be my co-signer before I can get a car?)

 

The new older car died three weeks later, the engine having destroyed itself in a fit of pique. Meanwhile, the other car was being repossessed. I was beside myself. Not about the repossessed car – the thing didn’t run, and there wasn’t much I could do about it at the time. I was the Car Murderer, and even though this is not a crime punishable by jail time, I still felt bad. And poor.

 

Stew’s parents, my ex-in-laws, loaned me the money to get the engine replaced. Engine, transmission, all new. I never paid them back, though I was supposed to. I was supposed to do a lot of things I didn’t do. I’m still waiting for my ship to come in so I can, but I think pirates got it.

 

My car runs well. It certainly should. But it looks like . . . well, the paint has sun damage, so it looks like a wreck. Big blotches of sun damage all over it, faded light areas, or whatever it is, and in parts the rust is trying to break through. It’s a 95 Thunderbird, and I love my car, but it looks like crap. I’m certain that when I’m seen driving that car people think, “What’s up with the ugly car?”

 

It’s turning ugly, and the air conditioner and fan need to be fixed (I’ll worry about that next summer, when it starts to get hot again). My credibility among the business community may be compromised, should I be seen parking this thing next to any of the newer shiny vehicles I see everywhere. (Look, it’s not as if it has cooties.) But I don’t owe anything on it (except for the 5 grand to my ex-in-laws, but they haven’t asked for it lately), and it’s going to last me forever, so I’ll keep driving it. It’s useful. It works for me. It’s not the best car, but I don’t need the best car. I just need one that runs and gets me from Point A to Point B, and it usually does. Except for that time several months ago when a belt broke and it had to be towed, but other than that, it works. It’s not the shiniest, prettiest car, but it does its job, and no one can take it away from me.

 

(Except the ex-in-laws, who could, theoretically, repossess it, but I don’t think they want it.)

 

I’d like to tie this up neatly with a message, but I’m not in a philosophical mood at the moment. In fact, I feel like going for a drive in my crappy car. It’s a sunny day, but not too hot, and I could use the air.

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Comments

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Killing me softly with your song, man. I am so there.
Once again, just lovin' your stuff.

(And I make the same kind of choices with cars. I have no business buying them or getting them fixed. I should just walk everywhere.)
Woo Hoo! Mission Accomplished!
no wait. That wasn't right either...
rated.
Excellent as always.
Respectfully, what a great batch of pleasant ventings @ O.S.!
I was really loving this explosive venting. Yeas, love ventings!
When I got to the "crappy car" remark:`O backfire:`Kaboom!
Mennonites don't have a bumper sticker cliches:`Trust jesus?

I saw that bumper pasted adage on a city SUV:`the BMW car!
I smiled. She smirked at me. She rides bumper La La La La car!
If I has a stinker bumper sticker I'd glue:`Jesus love Lu Lu pup!

Lu Lu is in heat. Ring-0 boom boom Lu Lu all day! Poor Lu Lu!
MoniqueC. Your anger is so sweet. It's awakening fermentation.
Yay! We finally got to rock bottom, let's all get out and pose for a picture!
I know Larry and George. Glad to see I'm not alone.
Hooray, hooray, the recession got over today!
So that means that I'll have a job tomorrow? And income? And health insurance?
Nope, I didn't think so.
Thanks for this terrific post. Even though your car is "old & crappy" I bet it's fun to take on a drive with the top down.
Rated.
I need to borrow "I'm still waiting for my ship to come in, but I think pirates got it."
Sure it may smell like chicken crap, but we assure you it's chicken salad. Just keep eating. All is well...
Well, if this financial meltdown had to happen, I'll always have the fond memory of the Dow taking a 500 point swan dive just as John McCain was nervously saying "The fundamentals of our economy are strong."

I'm sure they seem that way when you can' t remember how many houses you own, John.

But from the lay person's view, it still looks like the same crap, different day/month/year. And we the people got stuck bailing out the financial geniuses. Who then got bonuses that would choke a moose.
This is why I'd be a crappy economist, if I were to be an economist, which I'm apparently not. They see big picture numbers, and I see . . . people. People without jobs, people without money, people without. But hey! The numbers are looking up! Numbers. Ptui.
Old, shitty cars were quite literally the vampires that sucked my ex-husband and I dry for most of the 10 years we were married. When you're poor and you can't afford to incur a car payment for something reliable, you scrape together $1800 to buy a P.O.S., and then slap $3-4K/ year on a credit card for catastophic repairs to keep the stupid thing running.

Oof, I feel you.

And no, we aren't feeling that relief, either. Not with soon-to-be-ex-Mr. Remedy's unemployment, the disappearance of his field of employement, the slashing of state schools' educational programs that might actually have helped him retrain...

Nope. Not feeling it at all.
I'm with you--I wouldn't exactly call it "over" just yet...

Congrats on the EP & cover!
Your writing some of the best on this site. At least that's not something that can get repossessed. Please don't feel bad about the car murders. I once had a car that committed seppuku. It was a Japanese car. It was running fine one day, and the next it would not start. Dead battery. Called a tow truck and he jumped the battery. Tried to drive the car. It would only move in reverse with smoke pouring out of the engine. No one has been able to tell me what was wrong with that car. I loved it. Why did it kill itself?

I have an attachment to things. I would suck as a Buddhist. I'm a planner, but I have no idea how to plan for my husband losing his job, which I always fear, and how I would live without my car and my king sized bed and my pillow and my cats and their pillows... How the fuck do you lose all you own and go on? You're at least a survivor and probably heroic if you can still blog about it.
Yep, I'm still waiting for my ship to come in, I've been waiting pretty much since day one, I think mine may have sunk, but it's okay, I have the anchor!! Whooo!!

;)

Congrats on a well deserved EP and cover. And also, a TP!! ;) Rated for teeheehee throughout!!
you may be ready for the socialist workers party.
more info on "economic warfare" on my blog. news: maybe lehman was "pushed". yeah the economy s*cks, the question is, what are we gonna do about it?
everyone talks about the weather, but can do nothing about it-- due to physics. everyone talks about the economy, but does nothing about it--due to disengagement.
A recession, as you know, is defined as two consecutive quarters of economic contraction. If the economy does show growth in the third quarter, which it is very likely to do, then the recession is over. End of discussion.

A return to growth in the economy doesn't necessarily mean that everyone who wants a job will have one, or that housing prices will stop declining, or that stocks will rally to the moon, or anything like that. It simply means that the GDP of the country is growing again.

So let's not confuse the end of a recession with good economic times. It's like having a patient leave the hospital. That simply means he no longer needs to stay there. It doesn't mean he's ready to run a marathon.
It always takes longer for us bottom-feeders to experience the good news than it does for the folks at the top of the food chain who announce stuff like this. Of course, by the time the good news reaches us, we're onto the next recession. Believe me, I feel you, big time.
Tony's right, but he's operating on a different . . . wavelength. All this talk of GDP and housing and economic contraction are words that may affect people, and they may not. I've been broke in good times and bad, and really, it's no different to the person who's broke. In my line of work it's bad form to say one's broke, but there ya go. I've never been good at keeping quiet, and I'm tired of feeling like I should be ashamed of being broke. I'm not broke like I once was, and I'm totally fine with the price of houses falling because only then will I be able to afford one. Not so good for those who own houses, perhaps, but we're all looking at things from a different perspective. I want to see all the perspectives, not just the ones that are good for me.
Tony - Thanks for enlightening all on the technical definition
of recession. I am sure we are all to ignorant to know better.

So in cse your missed the point of the article, let me summarize it for you.

The economy STILL sucks.
Are there some official numbers for "economy sucks"?
Great post! After having been laid off for nine months I am also trying to emerge from that Pit of Despair and Trough of Despondency, and I also owe $$ to family and friends who have helped me stay housed and fed. Hoping to repay them when my ship comes in, if the pirates didn't get it, too.
Cole, I don't know what your problem is. You claim you've got a nice secure job at IBM. Did you lose it? Lose your pension? Well, looks like all that slaving away, putting in 80 hour weeks and so on that you bragged about didn't do you any good, did it? Want some of those hours back? Well, too bad, you ain't getting them back.

And yes, if someone doesn't know the difference between "to" and "too" I think it's a logical conclusion that he is too ignorant to know what constitutes a recession.

As for official numbers of an economy that sucks, how about the first and second quarter GDP numbers. Know what those were, genius? Or did you suffer from such a bad case of rectal cranial inversion that you didn't hear about them despite them being front page news?
Brilliant, biting stuff, Monique. You speak for many. The pirate line is classic.
Are you the car murderer that is wanted in other states? Or is that my sister?
Awesome recession's over post! Loved it.

The paragraph that starts with, "Have I told you about my car?" is a whole other post! Come on now, a 95 Thunderbird, the troubles you have had with transportation...definately rates a post all of it's own.
"Each time I’ve lost everything and attempted the struggle back up through the Pit of Despair and the Slough of Despondency I did not, despite popular wisdom (I picture Wisdom in high school, perhaps she’s a cheerleader, which would account for the popularity) become stronger and learn valuable life lessons."

Awesome. Well done, Monique.
Tony, true enough that the conventional "definition" of a recession is two consecutive quarters of negative growth (or economic contraction, which means decrease in annualized GDP). But, the official definition, according to US law, is when a specific government panel declares that recession has set in, and it takes in a far broader range of factors.

It's good for those of us who want Pres. Obama's programs to succeed, if we can say the recession is over, but the problem of whether we are in recession or not is also tied to long-running economic disorders in our economy, which we are only beginning to address.

The "recession economics" mindset is still going strong, with credit sluggish, wages frozen, and new hires not keeping pace with population growth or corporate revenue expansion. We can be out of recession, and still see new hiring, home buying and consumer spending actually lag by two to four quarters, without fearing a return to deep recession, but the genuine deficiencies in a number of sectors of our economy (banking, energy, healthcare being three major ones) that led to the 2008 crash must be addressed.

We are only beginning to climb out of this one, no matter what the technical definition of recession is.