Posted by AuntieMel on December 31, 2004, at 13:34:13
In reply to Re: picking nits, posted by Mark H. on December 30, 2004, at 19:28:28
I'm glad you found that. I assumed that we owed anyone that has money invested in us (tbills, stocks, bonds, etc.) but this has a better summary of this particular bit.
I'm still curious to know if the bit about the parks is true..... Rod?
Back in the '86 oil bust, the local economy took a powerful hit. Home foreclosures were common - my house dropped 50% or more in value. Jobs were rare as hens' teeth. Hubby and I were unemployed at the same time. Scary times, indeed.
As I said before, hundreds of thousands of jobs were lost in the industry, never to be replaced. <aside: if that happened in any other industry (auto, steel, etc) there would be rioting in the streets. but it was the oil biz, so there was cheering instead> Only months later were we considered "displaced workers" and allowed to get a few more months of our measly unemployment.
Folks here are a resiliant bunch, though, and stronger for the experience. Those of us that survived still run our personal finance as if we were in a depression - spending less than we earn and trying to stay debt free.
Heck - maybe we even have a future as consultants if/when it happens in the rest of the country. I hope the doomsayers (not including you in this buch, Rod) are wrong, but with the economy the way it's going I'm afraid they aren't.
Jeez, I miss Clinton.
poster:AuntieMel
thread:434497
URL: http://www.dr-bob.org/babble/poli/20041129/msgs/436017.html