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December 28, 2009


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This is a gloomy prediction but I want to contradict.Though I may not have any data to make void these findings, I rely on the ability of people to lift themselves up of this adversity. After all, we are given the capacity. :-)


Hi Walter,

I agree the prediction for continued high employment for five years or a decade is grim.

In this Great Recession, I'd like to see consumers developing new methods to help each other. In the post, "What Consumers Need to Do to Help Themselves During the Great Recession" at, I suggested that consumers form groups to assist each other during these tough economic times.

We need to change our consumptive lifestyles and habits. I think that's happening. Consumers are spending less.

However, coporations, the government, and the media continually complain about how consumer spending is down. They seem to be waiting for a return to high spending consumers can't afford.

Part of the changes that I see are needed is the way we look at work. We need programs where baby boomers and others can work part time in job sharing arrangements. One program that's being looked at is used in Germany. Rather than laying people off in droves, a government program pays part of the salaries of workers who otherwise would be laid off until the company can recover. Some states here are using it, too.


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