Meta recession

Everyone has an idea on the current recession. President Reagan defined a recession as a time when your neighbor loses their job and a depression is a time when you lose yours. He followed by saying that a slow recovery is a time when President Carter is in office. That joke is funny for republicans and repugnant for fans of Jimmy Carter. But it demostrates that political oppinion plays a large role in economic theory. Marxist theory believes that a recession is a breakdown of capitalism. Socialist theory might say that a recession is crying out for government guidelines and directions. Convervative theory might argue that this is a necessary trimming of the fat from our captialistic system. I am surprised that with the stimulus plan neither John McCain or Barak Obama were very articulate in their description of what was going on. I expected better articulation of microeconomic theory but it was an election and a time for sound bites. George Will blames the recession on the american people and their debt. But that is a bunch of bull. Partially true and very sticky when you step in it but still bull. Don't forget unethical corporate banks, unrestricted stock market in which the value of companies were not tied to any sensible value of the company. A stock market that looked more like Las Vegas than ethical capitalism. Meta economics looks at the economy with a greater degree of abstraction than any entrenched theory. It is a search for truth. It forces one to applaud president Obama and yet be critical of bills with attached special interest spending. What is it going to take to eliminate pork barrel spending and a government that can spend money it doesn't have while preaching to a people to spend their way out of recession and yet ballance their own personal budgets. I call that bull. And yet I recognize that we need to get behind our president and make a plan work. But that is not going to help my friends who are unemployed pay their mortgage. I am going to have to have homeless live at my house. Share my hotwater. Give money to friends to make payments rather than take personal vacations. And think with faith how we can create business opportunities for those who need to learn a new career and compete in the world market. I do not shrink from this challenge. I am a dad, a pastor, a brother, a son, a neighbor and a friend. I am alive and I have work to do. I welcome the challenge to thoughtfully -honestly face this challenge with remorse for no particular theory but my BS detectors on full power because there is not time to waste in the present challenge.