When It Rains, The Economy Poors

I think of economy and weather as having similar functions and outcomes as both are affected by consequential anomalies.

Weather is a constantly changing phenomena that would not exist if not for the chaotic state of atmospheric conditions encompassing wind, temperature, rainfall, etc. Sometimes the conditions are favorable and sometimes they are not.

Likewise, economy is a constantly changing phenomena that would not exist if not for the chaotic state of the production and consumption of good and services. As with the weather, sometimes the conditions are favorable and sometimes not.

Recently, economic conditions have been brutally unfavorable, brought on by our government’s chaotic insistence that banks lend enormous amounts of money for home loans to millions of people who could not afford them. Most of these persons were not even required to prove employment. This dealt a bruising blow to the mortgage industry and to the production side of the economic equation.

As if that weren’t bad enough, President Obama piled on with months of scathing verbosity about the economy with words such as catastrophic, disastrous, irreversible, gloom and doom.

With this, those who had been playing by the rules and who had money to spend stopped spending, putting their cash under their mattresses. This dealt another bruising blow to the economy and to the consumption side of the economic equation.

It wasn’t until the news media and the public complained of Obama’s negative rhetoric that the economy slowed it’s downward spiral.

This is an exclusive article for The Terry Anderson Radio Show.

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