Politics

Is it really so bad?

I have nothing but empathy for anyone facing serious difficulty in this troubled economic environment. But what does the recession mean for most of us? Reports in the media tell us that people are getting out of debt and saving more. They're preparing food at home rather than going out to eat. They're spending less on frivolous luxuries. They're making Christmas presents rather than buying them. They're purchasing more fuel-efficient cars and driving less.