Organizing for America | Myer Elazar's Blog: Are we afraid of the dark?

Are we afraid of the dark?

By Myer from Hollywood, FL - Dec 3rd, 2008 at 6:57 am EST

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Yes we are!!! The definition of darkness is: lack of knowledge or enlightenment, lack of sight; blindness. Since December of 2007 we are in a recession; a declaration came from a committee of the National Bureau of Economic Research. Why have they waited so long to declare recession? Most publications, cautiously, on almost daily bases informed us of a recession, depression, an economic Tsunami and numerous other names? By not declaring we were left in the dark, uncertain, confused, thinking if they aren’t declaring it must be that our wildest fears are nothing compare to what the real situation is. Uncertainty is the mother of fear, so we the regular guys act, we sell off our stocks, (the lucky ones who could) we shut our wallets, we layoff employees, we drive our old car for another year or two and so on, as the snow ball moves down we learn of our Banking insolvency, a bunch of high paid greedy executive that mastered a new lucrative economic phenomena, selling the same financial product to endless buyers, lending our money plus borrowed money to unworthy entities, so they start to crumble, while crumbling they stopped lending, became righteous conservative bankers over night, the housing market collapses, foreclosures hit the roof, mortgage companies collapses, retailers are closing shop, and so on and so forth, but we officially aren’t in a recession, we all know that we are, but officially we aren’t.We all wish for the official declaration, we know/feel that if it will officially declared we’ll have an end, some of our fears will start to subside, the optimist will think the average recession lasted 14 month, the longest 16 month, so we are almost there, the pessimist will think it might take longer, since this crisis is of unprecedented magnitude, but can feel the end.Maybe next time around this mistake can be avoided after all we are people, humans we are afraid of the dark.

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