How much of the current recession is due to the an emotional state, as much as a downturn in the business cycle.
Any student of politics knows what the term to which “malaise” is referring. In fairness, Carter’s speech was about a return to tradition and national faith. However, to many others it was a speech seen as a surrendering to contentment with less.
Oddly, these discussions have resurfaced. They are becoming part of the collective conscience, while people sincerely wonder if the children could be forced to do with less. Birthrates have dropped, faith in leadership is extremely low and there are few signs of things improving markedly in the near future.
To make matters worse, the policies that are coming out of Washington, sound eerily like those of the Seventies. The new policies often sound even worse than those 35 to 40 years ago. This can’t be encouraging to anyone, even those who support the leadership in Washington. God forbid we have another hostage or energy crises.
Never the less there are a brave few who don’t buy the gloom, they don’t give into fear and they certainly don’t buy the idea that we will have to do with less. They have faith in the innovative spirit of the individual. They know that the clouds will pass. They know that all actions have an opposite reaction.
So while the malaise may be real in a policy, historical and an economic sense, it is only emotional if we allow it to be.
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