When the Chernobyl disaster hit in Russia there was a nuclear fallout that could be seen for miles and the reprecussions were physically noticeable on property and people. What does economic fallout look like? The newspapers are full of stories of foreclosures and the three words to use to stall the banks from foreclosing, or the new deals Obama is making to save the homes from the 'people who did the right thing.'
What happens to the rest of us who are not in danger of losing our homes, we just have a little less money in the bank, and the groceries are just a little bit more every week, and our paychecks are just a little bit less every week, and everything costs a little bit more? We don't fit into any one category. We aren't the ones to be'saved' by the foreclosure deals. We aren't the ones at the top of the heap and we make too much money to be considered 'middle class.' By the way, who decides where the middle is anyway?
I actually had a friend of mine today tell me he had an economic downturn this week -- I felt like saying "What took you so long?" Anyone who is trying to raise a family today had an economic downturn many weeks ago when they discovered that the same groceries they were buying cost more money. It started slowly, but it continued every week and now the grocery bills are at least 30% higher than they were three months ago. If you live on a fixed income, or from week to week, or paycheck to paycheck, that's economic fallout. So what do you do, not feed the kids, don't eat yourself, or not pay the electric bill? Stimulus or no stimulus, the soup lines are going to get longer as long the fallout continues to pile up.
Causes Brenda Youngerman Supports
House of Ruth
Missionaries of Charity