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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (630698)10/6/2011 6:30:17 PM
From: THE WATSONYOUTH2 Recommendations  Read Replies (2) of 1580039
 
You can claim any number of metrics like GDP growth, etc., but when you have 15% or more of people unemployment, that's a recession.

I pass two strip malls on the way into Poughkeepsie. One has 4/7 stores MT. The other 9/10 MT.
I've never seen anything like this. Never. The lone store in the one strip mall is called Pop's Deli.
I have to stop in there and get this guy's story. He's got a big American flag hanging out front. Open 5AM to 5Pm.... 6 days a week......72 hours. The first rate deli/mini grocery I frequent is in another strip mall that has weathered things pretty well. All stores occupied and the deli is the prime attraction in the strip mall. I know the owner pretty well and often ask him how is it going. Same story all the time. Business down about 15% since the recession started and simply has not recovered. Told me he is 55 in his prime earning years and should be salting the money away. Has no SS or retirement plan. Doing OK but just hanging on. Feels trapped with no where to go......12 hours a day 7 days a week. A recession? I'd say so.
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