Jeremy J. Jones – Stranded in Thought

February 7, 2009

A Mighty Recession?

Filed under: Opinion,Politics — Jeremy @ 5:30 pm
Tags: ,

Faced with the grim news that the U.S. lost 528,000 jobs in January (the largest number in one month since the Autumn of 1992), and the fact that our unemployment rate has risen to a striking 7.6%, I am, not surprisingly, crestfallen. However, one would be hard-pressed to find evidence of such an economic downturn at Corbin’s Corner today in West Hartford.

My wife and I traveled up to the area to visit Trader Joe’s, a semi-local grocery chain, and had to park halfway across the lot from the store. It was a madhouse. The West Farms Mall across the street was no less busy. I wonder if this is not a result of the U.S. Senate’s passing of the $728 billion stimulus last night, or if people in Connecticut aren’t feeling the pinch as badly as we are hearing.

Furthermore, I learned last evening that on Tuesday, February 3, Denny’s restaurants offered a free Grand Slam Breakfast. Given the huge lines at Denny’s that day, many regulars ended up visiting other breakfast restaurants in Southington that day, most notably the Pepper Pot on Center Street. Despite having several inches of snow, the Pepper Pot had one of its busiest days of the last months. I encourage Denny’s to continually stimulate the economy in such a way.

Moreover, gasoline prices have apparently risen for eight consecutive weeks, despite that crude oil hit a new low early this week in Asian trading. Oil and gasoline continue their enigmatic waltz.

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