Posted by: endithinks | March 5, 2009

On the economic crisis and towns

This economic crisis is large, scary, and complicated.  However, in all the “egads!” and “woe is me’s!” some of the mainstream media and many viewers are missing the larger point of this crisis….people are suffering.

I read an article from the New York Times this morning that put this into perspective as it was following the life of a small town in Michigan named Pontiac, yes after the car, and the people that are struggling as the town sheds jobs and opportunities.  You can read the article here.

The town is surviving by being taken over by the state government.  It will be a town that is controlled by a special comptroller appointed from the state.  The mayor of Pontiac in a press conference with the local media showed how clueless he was roughly saying that he didn’t even know the town was in such dire straits.

The other day I watched the Colbert Report and the guest was a mayor of another middle America town that had lost its citizens over 20 years.  The town had gone from 20K souls to three thousand stragglers.  The mayor who looked like a retired high school football lineman was bringing his case to the nation that the town was looking for investment and stability.  The mayor talked about how the town did not even have a fast food restaurant and how one of his main struggles was to try and attract an investor to open a Subway franchise.

This recession is going to be long and hard, but we have to do what we can to help eachother out.  We are all connected and what happens to our neighbors will affect us as well.  This crisis will need someone who will stand up and make investments and start businesses and lose money for a while in order to make a long term profit.  We need to take chances and loosen the death grip on our wallets for a little bit more in order for us all to crawl out from underneath this bloated boondoggle.


  1. […] 200 Buddhist students held a rally outside an outlet of the international franchise Buddha Bar On the economic crisis and towns – 03/05/2009 This economic crisis is large, scary, and complicated.  […]

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