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To: gpowell who wrote (16819)	2/6/2004 10:35:55 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

I thought 1975 to 1985 was pretty smooth sailing. Inflation was spiked at 15% in 1980, but was generally under 10%. On the other hand I was receiving 25% annual raises, as were most people I knew. The stock market rose steadily during that entire time period. What was so particularly difficult?

To: gpowell who wrote (16819)	2/6/2004 2:19:49 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

realize how tough things were between 1975 and 1985. I remember the 82 recession and the beginning of reaganomics and you are right, things were tough. But it was a brief moment in time, nothing like this grinding 3 year period where jobs are getting sucked out of our economy with no end in sight. The difference between 75-85 is that then, profits were also poor. Nothing like now, where US corporations are booming and profitability is at an all time high. Hard to justify the suffering of the working class, and federal deficits + misc red ink in these circumstances. I see a lot of this "you say its bad, kid, well when I was a kid I had to walk xxx miles".... and I certainly hope this is not the strategy free trade proponents will be resting on to make their case going forward. To me it seems like people over 35 just don't care about much because they don't have to ..... yet.

To: gpowell who wrote (16819)	2/6/2004 3:09:00 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<do not think many of the younger individuals realize how tough things were between 1975 and 1985. It was the worst economic downturn since the great depression and it seems no one under 35 has any comprehension.>> Agree totally and almost wrote about this yesterday before deciding no one would believe it or agree. I recall all the newspaper stories about college grads (especially those poor liberal arts schmucks) who had to move back in with Mom & Dad, or enroll in business school for their MBA or find something else productive to do----no jobs were to be found anywhere for a while. About that time, it was recognized that the most plentiful jobs were apparently in the computer/IT fields and suddenly computer classes and entire computer-oriented vocational curricula started popping up. Enrollment was brisk. I know a fellow who recruited applicants for a technical school and saw his commission income leap during this time. Now, we apparently have a few too many trained computer/IT people in the U.S. It's time for them to regroup and retrain, and to maybe gain inspiration from recognizing they haven't been the first group to experience some form of job-market hardship.