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The NEW Terrorism (1231 hits)


Dictionary.com defines Terrorism as "the state of fear and submission produced by terrorism or terrorization."

Many Americans, especially the middle class, are undergoing economic terrorism right now and they have no option but to submit.

Many are in a state of fear. It's a very frightening thing not to know whether you can pay the mortgage, or rent, or if your car will be repossessed in the dark of night, or if you must choose between a meal and your medicine.

Or if the latest round of pink slips has your name on it.

I have seen things I have only heard about from the lips of our elders who survived The Great Depression:

Personal items, including teddy bears and family photos, tossed to the curb in front of a foreclosed home.

Several boarded-up homes, nice homes, on one street, as if foreclosure was an epidemic spreading like wildfire. For some neighborhoods, it is.

Whole families shacking up in one-room, pay-by-the-week motels.

People with nice cars buying two gallons of gas because they can't afford to fill'er up.

Crumbling schools. Fallen bridges. Rampant robberies.

And I have seen things that I thought I'd never see before: A well-dressed person buying groceries with her credit card--and it was declined.

Speaking of grocery shopping, about a week ago I happened to be standing in line behind an unshaven white man who had beer, crackers and cat food (the brand in the tuna-shaped cans) in his cart. I couldn't help but wonder if the cat food was for him.

I felt so depressed at the sight because the sight of this white man buying cat food allegedly for his own consumption was, for me, a harbinger of more economic terrorism to befall us all.

In the face of these obviously strapping times, I've also witnessed many people lose jobs, while a chosen few (from CEOs to connected government types) receive whopping raises and golden parachutes despite their on-the-job failures.

And I've witnessed, and personally experienced, the cost of every necessity of life--utilities, food, transportation and shelter--skyrocket for no apparent reason. For so many of our citizens, living paycheck-to-paycheck (thought to be the habit of the financially uneducated) is now a sweet memory from the good ole' days.

So as we continue to fund the good fight to rid the world of terrorism, can we at least address the economic terrorism that is going on right here at home?

We also have hearts and minds that need "winning over."
Posted By: zondra hughes
Monday, September 22nd 2008 at 11:22PM
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This is a good article. Times are difficult. What everyone should also remember that in difficult times is when people need to really bond together, partner on projects, work more closely to figure out how to win inspite the tough times. Because the person(s) with cash flow and decent credit can really benefit from these difficult times. Everyone should also remember that if they are having a difficult time with mortgage and rent the government has implemented programs to help with those situations. They can't only bail out Wall Street. They have to offer help to Americans experiencing tough times too.
Tuesday, September 23rd 2008 at 5:46AM
Ernest Ruffin
Great article, Zondra. It certainly made me think about the "What If" in my own life.

Corporations are downsizing and for most middle income households, unemployment benefits won't be enough to cover the mortgage and car payment. To make up for the shortfall in income, savings accounts will be tapped into in an effort to hold onto the extras we depend on like cell phones and cable TV.

The once booming real estate industry has imploded. Home builders are abandoning sites leaving the new subdivisions looking like ghost towns and in some cases leaving nearly 50% of the projects incomplete. Existing properties are depreciating; new home buyers are having a difficult time qualifying for home loans unless they have A1 credit, where is the relief?

Gas….ha

The question we need to ask ourselves is: How much longer will we be able maintain the lifestyle that we've become accustomed to? We all need to create a safety net for ourselves while we're able.

Tuesday, September 23rd 2008 at 12:07PM
Karyn Grice
You both are right on point. I truly believe that the silver lining in this mess is entrepreneuriship and proactive measures to find grow our own wealth!
Thursday, September 25th 2008 at 1:13PM
zondra hughes
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