This week I heard the wonderful news that the recession was over.
You’d think this former news girl would at least post a link or have the mindset to have remembered where she heard such a thing, so here’s a picture instead. I’ve got two gorgeous baby boys under age 2.5 and they both had yucky nose issues this week (their 2nd summer cold in 2 months…ugh) so I’ve been up to my thick Lebanese eyebrows in tissues, hand sanitizer (or as Toddler Boy calls it “hanitizer”), baby Vick’s and gunk stuck in my hair (that last one is pretty normal, actually). So you’ll pardon me for not accurately detailing for you what should have otherwise been the top story on every station across the country: “The Recession Is Over!”.
This news had about as much impact on me as did the news that we WERE in a recession when it broke at the end of last year. Hello, I’d just been laid off. Not a real shocker. But even before then, while I was still anchoring the news, about a year and a half, maybe 2 years ago, we did story after story about this expert or that analyst saying we WERE already in a recession, or explaining why were weren’t ..and so on. I was so tired of those stories. Then when Lehman Brothers failed a year ago and the cards came crumbling down, it was clear to everyone on earth and possibly even some passing aliens just outside our stratosphere that we were in deep doodoo. But the “official” news that we were “actually” “in” a recession came months later. (Once again, if I were a journalist worth my salt, I’d look up that information, copy the link, paste it here and let you know, but I haven’t showered in 2 days, my hair is clumped up in 2 clips and I’m wearing the same thing I had on yesterday. Having 2 sick kids is a total beat down.)
So you can see that a recession “officially” having come to an end will likely mean little or nothing to most of us. It may do a little something something to Wall Street and Wall Street types, but there’s Wall Street and then there’s Main Street…and there are a bunch of houses for sale on Main Street. In fact, the story on the TV news the other night that followed the news that the recession was over was (no shiz) “150 Blockbuster Video employees are losing their jobs as the company closes several stores…” bla bla bla.
The financial experts and analysts and the smart people who do numbers and money for a living may have a sense of what’s going as far as “official” data, but it doesn’t change a thing for me or my family. I’m still a (very happy) full-time stay-at-home-mom now and we’re still living on a cop’s salary…and having a great time adjusting to this little curve ball.
Don’t get me wrong, I am very excited to see what happens in this new period of economic recovery, but I also think we need to be realistic about it and not think that life (those of us for whom life changed, that is) is automatically going to snap back to the way it was..with us gobbling up everything we could possibly cram into our ginormous houses that we could barely afford on 2 incomes and charging every last purchase we made, paying the minimum each month on our credit cards, putting debt out of our minds, leasing new cars every 2 or 3 years and not putting money away for the future.
Wait, come to think of it, I don’t want that life back.