Double Dip

We’re headed for a double dip…and not in a good way.

Unemployment is inching up as employers still refuse to hire. The housing market is still sinking. Natural disasters in the South and Midwest are taking a heavy toll both financially and emotionally. Are we headed for a double-dip recession?

We could be.

Some pundits argue that we should load up on national debt in an effort to create jobs. Others want to reduce the debt, regardless of how it shreds the social safety net. Who’s right?

Should we raise taxes? Rich people are angry because they don’t want their money taken away and given to those who they deem lazy and unworthy.

Corporations say they can’t hire because of excessive taxes and regulation. However, there is no assurance they will hire if taxes and regulations are lightened.

Meanwhile, companies and even state governments are crushing unions. So who is speaking up for the middle class?

Rich people and big corporations have lobbyists and can buy influence with politicians. But who is sticking up for the little guy? At one time, it was the unions, but their clout has been nearly obliterated.

I’m no fan of debt. But I don’t think we can get out of this situation by cuts alone. Taxes must be raised, but it should be done fairly, where everyone pays their fair share.

If the economy falls into another recession and workers are cut en masse, I don’t think those laid-off workers will go as quietly this time around.