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Melanie_Alnwick's Blog

by Melanie_Alnwick from Washington DC

Last Post 23 hours Ago


We've all heard the definition of a recession: " Two consecutive quarters of negative growth".  We haven't had that yet.   Last month, the economy actually grew.  And here in the DC area, the Greater Washington Board of Trade is predicting 3% growth for the next 5 years.  Yet consumer confidence is in the tank.  Why?  Because there is such a thing as a "mental recession", and I daresay we in the media are partly to blame.   When all we hear is bad news -- we eventually start believing the bad news -- and then we start behaving like the sky is falling.  If you think it's bad here... do a little research in to the high cost of living in entitlement and tax heavy European countries.  Unemployment is still at historic lows.  That's no comfort to people out of work right now (and i've been right there with them) but, change is hard. I believe our economy is going through a fundamental shift... and, just like building muscle, you have to break down the fibers to make it stronger.  

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drerunner read my blog
Jul 14, 2008 | 12:11 AM

I so agree with Graham!! I am not Rich by any means, but to think ,in America , your life can change in one day or in 5 years with good plaining is amazing!

Yet, most Americans would rather complain,(while they eat Macdonald's, smoke cigarettes and watch Jerry springer) instead of taking a good long look in the mirror and face the music.

We have become a nation of whiners-making excuses for dumb decisions and poor plaining.

These losers want superman ,spider man Batman and the "Obama rhetoric" to rescue them from mediocrity instead. They refuse to follow the tradition that has been laid out to us for many decades and also has kept America Great -a little hard work, luck and perseverance.

In at least 80% -90% of the world nations, only The United States will guarantee one the ability AND FREEDOM to pursue these 3 important things I've mentioned. ONLY IN THE AMERICA!

It has been proven over and over again , when America experience something like this,new millionaires are born! I am oging to try my damnest to be one of them .

Name me one country on our planet where my chances are higher??????

myresponse read my blog
Jul 14, 2008 | 4:29 AM

America is the land of opportunity! When everyone sits around complaining, great bargains can be had! Everything from houses to stocks and automobiles! Just look at the deals you can get now! But soon, everyone will wake up, so hurry!

Thank you American Media.

beagle_buddy read my blog view my photos
Jul 14, 2008 | 8:40 AM

Meline you've made some observations and raised some questions a media journalist should find an interesting challange in to investigate ...

...I started becoming a believer after watchin' the values of my investments dive for the 5th straight quarter ...now when you're in retirement that's a convincing experience to give you pause, let me tell you! ...maybe someone's tryin' to suggest to me I should be glad it's only as bad as it is...

DCtune1
Jul 14, 2008 | 10:15 AM

I think Gramm is right in saying that we are in a "mental recession." While we are not in a true recession, things have gotten tight. The rise in gas, groceries, if you live in MD the cost of your electric bill, Maryland taxes went up this past year, along with many other comodities. We had a huge housing market boom which not only jacked up the costs for homebuyers, but the rental market tagged along. While we have seen the rise in cost for almost everyting, Salaries have not cought up. This is, and I have seen it, causing consumers to back off certain things. For the first time that i can remember, i have not had a wait at a restaurant on a Friday night, thats almost unheard of...until now. Consumers budgets are being squeezed, and until the econemy balances out, we will continue to feel like we are in a, at least a "mental recession." Of course, its not helping that the only thing we see inthe news is about the gas hit yet another record high, the struggling stock markte, and how foreclosures there were last month.

caffeinated-cow read my blog
Jul 14, 2008 | 10:23 AM

TAxes went up in Maryland to fund Gov O'Malley's social programs---remember the guy managed to spend the entire budget surplus the Ehrlich administration left AND then some. As for the elctric bill in Maryland going through the roof----thank State Senate President Mike Miller for that one! There was a bill in the State Senate a few years ago to keep those costs under control, but somehow, Miller managed to let the session close before it could be voted on. So if anything or anyone is to blame for the high taxes and high electric bills in Maryland, blame the state government and blame the morons who actually voted for O'Malley and Miller in the last election cycle.

GrandmaM read my blog view my photos
Jul 14, 2008 | 10:43 AM

I agree, cc. Miller and O'Malley are a couple of throw backs to the good old boy problem in MD politics.

As for a recession---not by your definition, I guess, Melanie, but the following has happened to us:
We are late middle aged retirees.

We have a very diverse financial strategy, most of it in bonds, but the portion in mutual funds, stocks, etc. is falling rapidly. We've been drawing on our earnings so far, but are getting close to the principle now, and that's alarming.

My husband is retired, but works as a consultant now and drives 70 miles or more a day when he's not working from home. We're going to need to buy a newer, more gas efficient car if he keeps working. I don't know if we can afford it right now.

We're trying to watch our diets carefully because of health concerns, so hot dogs and macaroni and cheese aren't going to sustain us. The "good groceries" are getting really expensive.

We're semi-insulated from the crisis so far, because we worked hard, educated ourselves to progress, and saved more than we spent. I can easily see the day when I might need to return to work, if I can find a job. Imagine what it's like for a young family with kids who was just making ends meet in December---life is desperate for them now. If Mom or Pop loses a job, they can become homeless and hungry in no time flat.

I doubt that Sen. Gramm has to worry about that.

DCtune1
Jul 14, 2008 | 10:58 AM

I think Gramm is right in saying that we are in a "mental recession." While we are not in a true recession, things have gotten tight. The rise in gas, groceries, if you live in MD the cost of your electric bill, Maryland taxes went up this past year, along with many other comodities. We had a huge housing market boom which not only jacked up the costs for homebuyers, but the rental market tagged along. While we have seen the rise in cost for almost everyting, Salaries have not cought up. This is, and I have seen it, causing consumers to back off certain things. For the first time that i can remember, i have not had a wait at a restaurant on a Friday night, thats almost unheard of...until now. Consumers budgets are being squeezed, and until the econemy balances out, we will continue to feel like we are in a, at least a "mental recession." Of course, its not helping that the only thing we see inthe news is about the gas hit yet another record high, the struggling stock markte, and how foreclosures there were last month.

DCtune1
Jul 14, 2008 | 10:59 AM

Sorry for the double entry...computer hickup

beagle_buddy read my blog view my photos
Jul 14, 2008 | 11:23 AM

...one that politicians and special interests shape and one that constituents suffer...

beagle_buddy read my blog view my photos
Jul 14, 2008 | 11:25 AM

(correction, the full text reading)

there are two worlds:
...one that politicians shape and one that constituents suffer...

AveMaria22 read my blog
Jul 14, 2008 | 11:55 AM

I think Phil Gramm (hmmm...Graham?) is a typical politician who is so far from the people that he'll never get back. I'll bet he still thinks Americans are all rich to go along with the "whining." What the hellll are politicians thinking today? It wouldn't dawn on the jerk that if we ARE complaining, it is because we have only fools like him to represent us. This used to be the greatest nation on the earth. I put the blame squarely on political do-nothing-for-people, rhetoric ridden fools like him. THEY are incompetent and would blame their incompetence on THE PEOPLE...shame on you GRAMM and all others like you.

GrandmaM read my blog view my photos
Jul 14, 2008 | 12:31 PM

"Gramm" is correct, AveMaria22---as in the Gramm-Rudman-Hollings act of '85. Nice try for a balanced budget, but not quite a success.

Honest1inVA
Jul 14, 2008 | 3:23 PM

Politicians and those who are OUT OF TOUCH with reality in terms of how the REST OF US have to try to eake out a living are the ONLY ONES telling us that "things are not that bad".
WAKE UP!!!
Just because THEIR SALARIES and retirement pensions are GUARANTEED FOR LIFE,(thanks to those ever-trusty taxpayers), does not mean the REST OF US have the same idyllic outlook on life!

caffeinated-cow read my blog
Jul 14, 2008 | 3:44 PM

Grandma, I'm not close to retirement. But I'm a penny pincher by nature so, tightening my belt isn't a problem since it's already tightened. I have savings because I believe in saving for a rainy day (and it looks like there will be rainy days ahead!)

But I can see for the folks who have indulged in the 'extras', it will be hard to tighten things up. For example, if you're accustomed to eating out 3 or 4 nights a week, it will be hard to cut down to 1 a week. I think what's going to be the hardest is that people will have to make choices---the "I want it and I want it now" mentality will only lead to bankruptcy in this economy (or any economy for that matter.) For some folks it's going to be a big deal for them to sacrifice a weekend at the beach for a car payment.

Honest1inVA
Jul 14, 2008 | 3:53 PM

The only group in America with the means necessary to help solve this crisis is the FARMERS.
The major export in the US is FOOD.
If the OPEC countries want to charge us $250.00 a barrel for oil, our farmers should reciprocate by charging $250.00 or more for a bushel of their produce!
These foreign countries are heavily dependent on our precious food supply. The farmers need to take a stand and stop letting the greedy politicians wheel and deal at their expense and ours. Any produce for export should be marked up CONSIDERABLY!
Most American farmers are barely getting by but THEY provide the necessities that sustain the world! If anyone should be compensated for their efforts, it should be them!
When every last bit of farmland has a shopping mall or a townhome community on it, WHERE WILL THE FOOD COME FROM?
Politicians and greedy businessmen would sell their last drop of water or bite of food just to die with two dollars more in their pocket! They could care less about what's right.
If the farmers went on strike, the world would take notice!!!!

AveMaria22 read my blog
Jul 14, 2008 | 8:17 PM

Honest1...Yay for WalMart. They have issued instructions that their buyers are to use LOCAL produce and products FIRST and only importing what is absolutely necessary as a cost cutting means for keeping their prices low for the American people. GOOD FOR THEM and GOOD FOR US... BUY AMERICA. My sister lives in Florida and has gorgeous fruit trees. Right now figs are ready to be picked. Each year she and her husband have given away the figs. This year, I've been urging them to take them up to the local Farmers' Market and sell them to vendors or to the public. I hope she will consider this because in past years the fruit has fallen to the ground or allowed to be eaten by critters. Figs are so loaded with vitamin C and so good...perhaps a homeless shelter might use them this year. We all need to help each other in these dark times that seem to be getting darker thanks to political idiocy and incompetency.

BigSmooov read my blog
Jul 15, 2008 | 9:32 AM

Phil Gramm is so ignorant to the people's needs that it's not even funny.

How can you call it "whinning" when you have a man that can't find a job because he doesn't have enough money for gas? You call it "whinning" when you have a single parent that has to make a dicision between buy high priced food for her children or pay the growing light bill?

...and I thought Bush was out of touch. Man...what kind of people John McSAME is trying to bring in here?

GrandmaM read my blog view my photos
Jul 15, 2008 | 9:42 AM

CC, you've described exactly what needs to happen. It's not easy to decide what we must have, and what we wish we had, but grown ups have to do it.

For young people starting out---educate yourselves in money matters. Start saving today, and save wisely. If you have to decide whether to save this week, or eat out, save and stay home. You won't be sorry when you get to be my age, and YOU are the only one in the end who can watch out for YOU. Don't count on anyone else to bail you out.

Conversely, be willing to help others who are in trouble when you can. Not everything bad that happens to people is their own fault.

caffeinated-cow read my blog
Jul 15, 2008 | 11:37 AM

Farmers are pretty well-paid. Through the Farm Bill, they are given government subsidies---not to plant crops.

RE: combating the growing electric bill

I solved that problem in my home: I turn off lights when I’m not using them. I unplug appliances when I’m not using them. The clocks in my home run on batteries so they aren’t sucking electric current 24/7. When the weather is nice, I open the windows rather than using the air conditioner.

I’m ‘green’ by default because I don’t want to spend too much money on utilities.

RE: gas money as deterrent for finding a job….

Come on, Smoov! There is public transportation—even down here in SoMD, there are bus lines that go to downtown. Furthermore, every morning I see a guy in a Panera Bread uniform bicycling his way to work. Not having gas money or even a car didn’t stop him from finding a job or going to it once he got it.

Grandma, I just wonder how many people will be able to tighten their belts. I worked my way through college and there were times when I had to choose between going to Florida for spring break or using that money for my tuition or for rent. So for people who haven’t had to make those choices, it’s going to be hard.

For the people who need to choose between putting food on the table or paying the rent, it’s equally difficult. This is going to get me in trouble, but some of these people don’t even make “good” choices. I see people buy cartons of cigarettes or bottles of vodka, but they feed their children boxed mac and cheese. It always leaves me scratching my head. Ditto for the ladies who ha

caffeinated-cow read my blog
Jul 15, 2008 | 11:38 AM

. Ditto for the ladies who have the money to spend on getting their hair and nails done monthly but don’t have enough money to buy $3.99 gallon of milk for their children. When I’ve had the courage to ask these women about this, if I get a civil response it’s along the lines of “I like to look good.” Yeah right….you like to look good, even if it means your child can’t eat breakfast or lunch seven days a week. And men aren’t innocent in this either. I once heard some guy complain about the money he has to pay for child support---meanwhile he had no problem paying for that wide screen tv!

We have to re-examine our priorities. If entertainment or looking good is more important than keeping a roof over your head and having food to eat, then you shouldn’t complain when you are evicted and/or don’t have money to buy a stick of gum.

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Melanie_Alnwick

I'm Melanie Alnwick. I've been with Fox-5 since 1999, and I've worked just about every shift in the building! You may have seen me reporting for Fox-5 News at 10, filling in on the anchor desk morning, noon, night or weekends, and bringing you Investigative reports. Currently I anchor "Fox Morning News Sunday" and bring you our Money reports. I'm looking forward to sharing thoughts & ideas with you -- about our news, our newsroom... and our busy lives. See you on Sundays -- 8 to 9 am!

Member Since: 10/26/2006