I’ve spent more than a little time blogging about the current state of the economy, namely how bad it’s become. While I know some folks on the right side of the political spectrum seem to think our economy is just hunky-dory, based on the fact that some mall parking lots are still pretty full, but I’m still going to beg to differ, because I’ve now felt first-hand the current state of our nation’s economy.
What I’ve been saying about the state of our nation’s economy is finally starting to hit home in a big way here in the W. household. My latest quarterly statement for my secondary retirement investment plan showed a seven percent drop for the quarter, which isn’t necessarily reason to panic, except that it’s the second consecutive quarter it’s lost at least five percent of its value, after consistent gains of at least five percent per quarter for the past four years. Now sure, some might say we’re just in a “rough patch,” but I don’t see much good news as relates to our economy. Unfortunately, these most recent losses are just another of the tangible ways in which we’ve experienced what’s going on with our economy.
In addition to the investment losses I just mentioned, we’ve obviously felt the impact of gas prices that are at an all-time high, as have so many other folks here in southeastern Wisconsin and across the nation, and we’ve also been amazed to see the price of groceries on the rise, due in part to the rise in shipping costs due to the aforementioned gas prices. Now comes news that Harley Davidson is cutting 730 jobs, including including hundreds at its Milwaukee headquarters and Wisconsin factories.
This is more than just a “rough spot” in the economy, no matter how hard some conservatives try to spin it to the contrary.
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