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Indicators That the Economy Really Is Bad

Did you hear that Michael Jackson has died?! 😯 I've had some fun lately asking friends and family that question, acting as if I had just heard the shocking news for the first time myself. With the almost non-stop news coverage about him and his family, you'd have to be living in a cave not to know that MJ has passed away! I have seen the comic strip below online attributed to John Campbell and also unattributed several places and hope you'll enjoy it.

picture of news coverage

That sums up fairly well 95% of the news updates we hear after the death this world's "heros."

Did you hear that our economy is struggling?! 😯 As you well know, the news is full of stories of bankruptcies, layoffs, and gloomy forecasts, all the while struggling to make it look as if Obama is delivering the hope and change he promised instead of making things worse. But if you've been hit hard personally by the economy, you don't need news coverage to tell you so. Because many people have been affected personally or have loved ones affected, I have not been asking people in jest whether they've heard that heard that the economy is in trouble, as I do with the death of Michael Jackson. That said, though, I did have to chuckle at a list of indicators I received recently from an ivman reader who teaches business at my university.

You know the economy is really bad when....

CEO's are now playing miniature golf.

You got a pre-declined credit card in the mail.

You went to buy a toaster oven and they gave you a bank.

Even people who have nothing to do with the Obama administration aren't paying their taxes.

Officials from the Obama administration meet with small businesses — GE, Pfizer, Chrysler, Citigroup, and GM — to discuss the Stimulus Package.

Mothers in China are telling their children to clean their plates because children are starving in America.

McDonald's is selling the Quarter-Ouncer.

People in Beverly Hills have fired their nannies and are learning the names of their own children.

The most highly-paid job is now jury duty.

People in Africa are donating money to Americans.

Motel Six won't leave the light on for you.

The Mafia is laying off judges.

The bank returns your check marked as "Insufficient Funds" and you call them to ask if they meant you or themselves.


What are you or those close to you doing differently because of the current economy? I'm sure your personal belt-tightening is more serious than the list above. 🙂


"Self-interest is not necessarily selfishness." - Dr. Marty Marriott

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Things have gotten so bad that gold diggers are now marrying for love.