Unless you missed the news, we are officially in a recession. You can see articles just about everywhere, here's one such article.
Everyone should be glad. We've talked about it for long enough, and just as many people predicted, we've been in a recession since late last year. If this had come out before the election, it wouldn't have changed the results, but may have increased the margin.
So, now that we have finally accepted the fact, what do we do about it?
Well, we have a couple of choices. We can wring our hands and go around crying and screaming, asking the government to bail us out. They've bailed out AIG a couple times, Citigroup, JP Morgan Chase and several others. Why shouldn't I get my share? You know, Wall Street and Main Street (even though I don't live on Main Street).
Another choice would be to keep doing what we should have been doing all along. Work at a job. If you don't have a job, go get one. Unemployment is still very low, which means there are lots of jobs available. Spend on things that you need, but save for big things you need. Plan for the future, for the next car you need, for the house, etc. Don't buy things you can't afford.
I heard a reminder story a few months ago, that pointed out that during the feast years, Joseph stored up grain for the coming famine. A wise man. We should do the same. We know that a famine is coming, then a feast, then another famine. We don't know how long each will last or the time in between.
One more thing. To my conservative friends to the ones saying "Yeah Baby!" at the points above. Now is not the time to rub this in people's faces. Instead, it's time to be the way Christians are commanded to do and to help others. Give help to those around you. Give a job to a jobless person. Pay a friend's power bill, give them a grocery store gift card. Praise Him who allowed you to be in a position to do all these things and then do them.
For my previous comments on the recession see here and here.