Friday, August 17, 2012

1806 Truth View

A lot of life, and how we interpret it, is point of view. Or point of you. That is, the internal point of view you have when you're confronted with new information.
Like recently, I was driving behind a car that had a curious bumper sticker. It said, simply, "Thank you President Bush."
It was a very interesting bumper sticker for that reason. Depending on who you are, it was either a simple declaration of thanks, or an incredibly acerbic piece of sarcasm. Did the sticker of the bumper sticker mean that he was thankful for all the things Bush did to protect America from terrorists or was the sticker sticking it to him for all the things he did to bring about the economic apocalypse that brought us the largest recession since the Great Depression?
Similarly, employment news came out recently that could be read two ways too. The economy added some 163,000 jobs, and payrolls went up, but the employment rate stayed at 8.3%.
Wall Street surged. Why? Isn't one side telling us the 8.3% shows the economy is stalling and every deep recession has had a more powerful recovery than this one and therefore Obama's policy is at fault?
And isn't the other side pointing to the Great Depression and noting that recessions caused by financial meltdowns like it take up to 12 years to dig out of?
Wall Streeters point of view was different. The 8.3% actually means more people who had previously given up looking for work have re-entered the job force. It's actually a sign of hope, and a sign that things have really turned around.
Let's hope more people take that point of view and believe it. Nothing like confidence that things are getting better to build up confidence that things are getting better.
America, ya gotta love it.

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