Ben Stein: Over All, It's Not All That Bad
But how bad is it, really? The economy isn’t at its best. Oil prices are painfully high, foreclosures are really hurtfully high, job growth in many areas is sluggish or worse, and a sector of the credit markets is extremely weak. But over all, it’s not all that bad.
There has not been one down year for the G.D.P. in this decade. There has not been one down quarter, in inflation-adjusted terms, since 2001. Of course, there are truly hard-hit areas around the country. But there are also areas that are booming, in the farming and minerals states and in any area near energy.
What is the future? We will get through all of it. “This great nation will endure as it has endured,” to quote F.D.R. We will then go on to whatever the new problems will be (probably the same as the old problems) and the media will have to find something new to complain about. This is called life.
Today's NY Times