The jobs report arrived the other day accompanied by the general media observation that the economy is getting worse less fast. I love that description. Let's face it. No matter how you look at it, things in Shangri la are bad and there are not many bright spots.
The United States is paying a deep and sobering price for years of irresponsible lending and investment by the Money Changers. Remember when Jesus turned over the tables in the temple? He was tossing the Money Changers. I believe the new administration is doing everything it can to blunt and repair the effects of the Bush - Republican Recession. That said, if there is one area where I hope President Obama succeeds in doing over his term, it is establishing effective regulation on banks and investment houses. The lobbyists from those industries are already working hard to protect their clients, but in my opinion, the Money Changers cannot be trusted to police themselves. The system of business growth and compensation is designed to advance the aggressive salesperson and stifle the risk management department.
So where do this leave us on the jobs front? Batten down the hatches and stock up on supplies from the warehouse. If you have a job, protect it. (I bet I just told you something you didn't know, eh?) If you are under-employed, do your best to protect the job you have but keep looking for a better one try to advance out of under employment. If you are out of work, you probably should consider taking what you can get, even if it is part time. I've spoken to a number of people in the past month who are working two part time jobs. This is the time to do whatever it takes to get through the crisis.
Those things that don't kill us make us stronger. I love cliches; (have you noticed?). I hope this economic crisis makes us all stronger. But I would settle for a little more common sense.