Tuesday, January 22, 2008

Recession Related Activities in Philly Pt. 1

In case you haven’t noticed or anything, America is an a little bit of an economic pickle. With the subprime crisis, market crashes, inflation and the release of the latest gimmicky Magnetic Fields bore-fest (disclaimer: Never listened to em’), America will never be the same after 1/22.

It’s a shame that our long period of prosperity will end. Yes; that long stretch of prosperity that lasted a whole three years, sandwiched in-between the post-9/11 tech bubble recession from 2001-2004 and the one we have now. In fact, amazingly enough, if you look at economic periods over the course of United States history, you will see a constantly revolving motion, or ‘cycle’ if you will, of upturns and downturns! Wow! With this historical evidence, how could anyone see this current crash happening?

Unfortunately, many pundits are saying that this crash could be the big one. In fact, it’s going to be like that movie ‘Perfect Storm’: Terrible. Whether this crash will be bigger than 1907, 1929, or 1987, nobody knows as of yet.

Left-wing pundits are saying that this crash will reveal some ugly truths that our establishment won’t want to face: Namely, that the economic downturn, combined with high oil prices and diminishing fossil fuels, will end suburban life as we know it.
This sounds pretty bad, doesn’t it? Nonetheless, whether or not the U.S. recovers without total collapse, like post 9/11, or whether we are headed for depression-like conditions, it is worth it to compile a list of activities to engage in Philadelphia that are recession related. We are talking about ‘recession’ in the barest sense of the word; literally a part of American culture that has ‘receded’ to the dustbin of history. Because if we are to believe that suburban life is to be altered forever, then why not look at aspects of Philadelphia life and culture that have disappeared due to extenuating economic factors, and combine this with what we think will disappear in the coming decades? This list won’t be pessimistic at all!

Our compilation will be available for you tomorrow, whether you, I, or any of our friends are laid off or not.

No comments: