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The economy officially went into a depression.. I got laid off!

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By Mike the salesman


Well, I figured out the difference between a recession, and a depression last Thursday.A recession was when my neighbor got laid off... A depression was when I was told I had to be let go.

This is serious stuff , folks. The amount of jobs lost in November alone, was over 500,000.. So there will be alot of people not having a very nice Christmas season.

On a personal note, I was a manager at an Alabama Chrysler dealership. I. (along with the owner's son), were the two highest paid employees at the dealership. Well, I'll bet you can figure out who got the walking papers, when business fell to a crawl. After 28 years in the same field, I am at a quandry as to what to do. No one is hiring in the car business.

Ok, enough about me, I am curious haw we got to this point. How did it get so bad, so fast?A few short months ago, we were cruising along, bitching about 3 dollar gas,next thing we know, armageddon.

I remember driving to work(that place I used to go), and hearing on the radio, aboutLeman bros, or Stearns, Hell, I thought they were a musical group or a matress company.

The next day, I here about Aig being broke, the market is down 800 points, and off we went.Home forclousers, the auto industry, 401ks being wiped out, layoffs and a nation wide depression.... Emotional depression, as well as economic.

I am not an expert, but my theory is that corporate greed, and lack of accountability, is the cause of this. Nobody seems to care past their own nose what happens.Enron, Worldcorp, Healsouth ... People making billions, off the sweat ,toil and tears of working people. They pull some bogus loans, swindle money around, stick it their off shore accounts, and disappear in their luxury jets.

They are out of touch with the common man.The real divider between people isn't black or white..catholic or protestant... young or old.... The great chism is between the 95% of people that work and produce, and the 5% of the banking elite, who push paper, and get rich on the misfortune of all!

Well, regardless of your political views, we must all pray for Obama. for these are terrible times. People have made a comparison of Obama and Kennedy...If he straightens out this mess, I think a more apt comparison would be Franklin Roosevelt!

Well, I have tons more to say, but alas, I need to get off my ass and look for a job! Merry Christmas! mike the salesman

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gwendymom profile image

gwendymom  says:
12 months ago

Good luck Mike with your job hunting. I hope it goes well!

Mike the salesman profile image

Mike the salesman  says:
12 months ago

thanks so much for your kind words!

Ardie profile image

Ardie  says:
12 months ago

Hi Mike, I agree that a lot of the problems stem from big shots who were more concerned with their bottom lines than they were about the people working for them. I will keep you in my thoughts and I wish you luck finding work.

Mike the salesman profile image

Mike the salesman  says:
12 months ago

Thanks, Ardie. I appreciate your kind thoughts!

Cris A profile image

Cris A  says:
12 months ago

well i hope you get out of depression soon and land a job which although might not pay as well as your last but something you'll love...in time for Christmas! :D

Lgali profile image

Lgali  says:
12 months ago

Best of luck Mike with your job search

Mike the salesman profile image

Mike the salesman  says:
12 months ago

Thanks Chris! I sure I'll find something! I appreciate you!

Mike the salesman profile image

Mike the salesman  says:
12 months ago

Thanks Lgali.. All the best wishes mean more than all of you know!

Dottie1 profile image

Dottie1  says:
12 months ago

I feel your pain...my husband was affected just like you after 27 yrs. of service in the accounting field except it was because of a merger. That was 5 years ago. We have not fully recovered and today my son and husband's hours were cut back. In spite of it all we keep the faith which is working for us. I recommend that for you too. Good luck in your job search. And YES, we must all PRAY for OBAMA.

Jerilee Wei profile image

Jerilee Wei  says:
12 months ago

Best of luck in finding new employment. I would think your skills as a car salesman are transferrable to other businesses that would make you an asset to potential employers.

Mike the salesman profile image

Mike the salesman  says:
12 months ago

Dotti Thanks for your encouragement! It helps to here of similar situations..and life goes on, huh? God Bless, Mike

jim10 profile image

jim10  says:
11 months ago

good luck. I'm sure everything will work out.

Misha profile image

Misha  says:
11 months ago

Just relax and try to figure out how you can make some income without them. I think it is not going to get any better any time soon...

Well, of course if you need advice. If you don't, just trash what I said :)

success_89  says:
10 months ago

man i tell ya, things dont seem to be looking good at all, all we can do is try to conintue moving forward, hard times ahead, keep your head up.

getpaiddaily  says:
5 months ago

It's tough out there - but I'll tell you from experience that I've started evaluating my goals, my attitude more and I'm glad that I've been forced to learn something new .... I have a friend that was in car sales and he recorded his story along with what he's doing today..... you may want to check it out.

712-432-7545 then hit 1# 1# (twice) - if you like what you hear then give me a call 630-383-7013 I wish you all the best in the future! Jeff Smith

Dawn  says:
3 weeks ago

I have been unemployed since March... I have applied to @ least 100+ jobs and not even had 1 call back... I don't know how much longer I can go like this... Something has got to give!!!

Mike the salesman profile image

Mike the salesman  says:
3 weeks ago

It is bad all over..they talk of recovery, but I don't see it! Good luck to you, Dawn

jiberish profile image

jiberish  says:
3 weeks ago

Mike I just realized this hub is almost a year old. I hope you have found a job by now.

ladyjewel  says:
3 weeks ago

I have been unemployed and actively seeking work since 5/08. I resorted to moving my family from Michigan (the highest rate of unemployment in the country) to Florida in hopes of "greener pastures" and so far all were finding is weeds. My husband who is a certified mechanic, for 13 years can't find anything either. I could careless who to blame for the downfall, I'm just praying for a pickup! Being self employed for most of that time, my husband doesn't qualify for unemployment, and we have been surviving on mine. As of today, I have 4 weeks left, Merry Christmas to our 3 children. I heard they are trying for another extention, I pray it goes through, I lost count on the resumes we've sent out, and not 1 call back. I totally understand the meaning of depression! Good Luck to everyone else out there who's feeling the pain. God Bless...

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