Monday, January 26, 2009

In the Year 4076

Happy New Years.... China. It is begining of the year of the Ox and according to the Chinese Calendar it is the year 4076. The Chinese years is a time of Celebration for the entire country; it can be the seldom time of the year that many industrial workers recieve a vacation. Although its time for celebration in the country of china, there thought of economic woes in the mind of the chinese people. http://www.wwd.com/business-news/chinas-consumers-scale-back-1947253?module=today. The article points at how the recession is affecting not only the us economy but also china and its consumers. This crisis is very scary, and it makes the job market even smaller and smaller. I feel like even with all my experience and the education I have recieved i still wont be able to land a job. Although I am skeptical of Obama's recovery plan actually working, I feel there are no other options. I do agree that recovery needs to begin soon, but this recession is unlike any other. It is driven by consumer's lack of confidence. In an economhy that thrives on the flow of money, it will be hard to see how we will recover.

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