RECESSION -- HERE'S THE CURE? Just A Minute - for Friday 9-26-08

Howdy – It’s Friday --- Cheers and Hollers …

 

            One of the things we learn from History – they say – is that we don’t seem to learn anything from History!

 

            Today’s lesson may be one we have hanging around a long time – or (as I pray it will be) it may be an outstanding example of what happens when we pray. For as sure as the day is long… the Lord IS still in charge… and no matter how smart or dumb we think we are HIS will *will* be accomplished. HE will teach us what HE wills through all these times of constriction and pressure.

 

            It’s an exciting time to be alive and kickin’ – to coin a phrase… and I’m glad to be observing. I just hope I’m learning something valuable. Like my old shop teacher used to say: “Don’t make the same mistake twice --- there are too many new ones to make.” Sounds like a production line joke doesn’t it.

 

            We hope – or more accurately *pray* the markets will awake and the financial world will be over it’s upset stomach – and we can go back to more mundane things like electing a president for the next four years. But no matter how things turn out, believers in the Lord’s goodness and kindness – and what HE reveals in Scripture stand secure. I’m thankful for that and I’m sure you – if you’re a believer – do so too. I’d like to hear from you if you have a moment.

 

            God bless you with a blessed weekend of joy and worship.

 

            Cordially IN HIM

 

            Jack

 

 

http://www.jebcovoice.net/audio/jama09-26-08.mp3

 

http://www.jebcovoice.net/scripts/jamt09-26-08.doc

 

“JUST A MINUTE”

RECESSION – HERE’S THE CURE?

Just A Minute – Recession is defined as two sequential quarters of negative growth. Is that true at the moment? The statistical answer is “no”.

Looking at economic history it seems true more market intrusion means problems last longer. That was the case when FDR came up with his Social Security Act of 1935. Despite best ‘brain trust’ plans effected in 1933 the economy was again hitting the skids by ‘37 – and the “Roosevelt Recession” as the critics called it, was blooming again. The “Big Bill” in the spring of ‘35 created what was called a depression within the depression and noted historian David M. Kennedy says by October of ’37 the stock market was in a slide.

In his conclusion about Roosevelt’s “New Deal”, Kennedy pens in the Oxford History of the United States citing the New York Times and says Roosevelt’s administration did not bring about the end of the depression (only WW II did.)

With this hastily cobbled up “rescue plan”, are we embarking on a similarly ill-fated exercise with the largest price tag in recorded history?

<> I’m Jack Buttram

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