Recession? What Recession?

We have a long ways to go. Standards of living in Ecuador, Brazil and Mexico are far below the lowered standards of living we are experiencing since the bubble burst.

I recall a nearly naked man in Brazil, living on the jungle floor outside of town. I recall a haggard 14 year-old man-handling an iron-wheeled wheelbarrow. In it were three buckets of water. The total weight approached 170 pounds. The boy weighed 80.  He pushed it 1/4 mile on an uneven surface to some bricklayers. He stopped every 40-50 feet to adjust his load. I recall the farm laborer, also in Ecuador, going home from work. He dozed precariously on a 2″x10″ plank on a metal rack above a pickup bed. The pickup jostled wildly. I recall the roadside homesteaders in Brazil, the saw sharpener in Brazil, the neighborhood in Marituba, in which, if you had a hammer, you were known as he who owned a hammer, the one to borrow from..The idle young men. The three room house with three light bulbs, dirty floors and one bed for three children. No one in the four families we dined with owned a car. The walking masses. The cowboys of Ecuador. The farmers drying lima beans on the roadway.

We must view the hardships of our recession comparatively.

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