Jason Rines (iThinkBig)

Who Says We're Not in a 'Real' Recession?

This is called the 'encapuslation effect'. Those at the top are effected the last. Those at the bottom feel the immense pain first. Also, I wasn't around in the Great Depression, but I do not recall reading about those CEO's who lurched there companies into failure leaving with tens of millions of dollars and lukrative deals in other politically connected ventures to boot. Hence, the CEO's diving from buildings in the Great Depression. Why jump from a building when you can buy a private yacht club in Tahiti and speculate if the U.S. economic system will collapse or not? Socialism happened then as it is now and many of the same mistakes are being repeated, to me it is simply that Washington as the global financial empire has a bit more to spread around to those in power. I was at a church helping some folks on Thanksgiving this year. Ummmm, there stories of going from riches to rags very quickly is an entirely different perspective then what Ms. Noonan's personal experience is. But somehow, I can see Ms. Noonan at the food line (replace food with soup on Great Depression reference and thank God we do have a bit more social net now).