Sunday, January 11, 2009

Clickers and Wives Looking for Exit Strategies: the Least Pleasant Article You Will Read Today


“Don’t make me look like a jerk,” she told a reporter, “but I cannot bring myself to buy my children’s clothes at Wal-Mart.”

—The New York Times, January 1, 2009



The least pleasant article you will read today comes courtesy of the New York Times, which ventured into the far reaches of the Connecticut suburbs to see how the recently and not-so-recently off laid masters of the financial universe are coping with unemployment.

Turns out, the adjustment is at least as hard on the marital status of the couples involved as it is on the job-losers themselves, at least according to the Times:

Amy Reiss, a divorce lawyer in Manhattan, said that she had seen a spate of women seeking to end their marriages after they re-entered the work force or expanded their careers to replace their husbands’ income. The wives don’t resent working, she said. In fact, they’re pleased to contribute.

But “the husbands become what I call ‘clickers,’ ” Ms. Reiss said. “These are unemployed men who sit on the couch all day, holding the remote and watching TV, unable to step up and take over some of the household tasks and chores associated with raising the kids.”

Those women, she said, come to her looking for an exit strategy.

Lest you think you’ll find yourself feeling sorry for the wives whose lives have been upended by the New Post-Credit Bubble Economy, however, consider yourself forewarned that they do not come across sympathetically, either, as the following dialogue between a wife and her husband should make clear:

“Don’t make me look like a jerk,” she told a reporter, “but I cannot bring myself to buy my children’s clothes at Wal-Mart.”

“But do you have to buy them at Ralph Lauren?” Scott shot back.


The entire story can be found here:

http://www.nytimes.com/2009/01/11/fashion/11berrys.html?ref=business

We’ll try to have something cheerier to write about Monday. How about Warren Buffett as Morningstar’s CEO of the Year”?



Jeff Matthews
I Am Not Making This Up


© 2008 NotMakingThisUp, LLC

The content contained in this blog represents the opinions of Mr. Matthews.
Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews’ recommendations. This commentary in no way constitutes investment advice. It should never be relied on in making an investment decision, ever. Nor are these comments meant to be a solicitation of business in any way: such inquiries will not be responded to. This content is intended solely for the entertainment of the reader, and the author.

7 comments:

Mark said...

After her husband’s job search stalled, Tracey, 47, found a job at a local reinsurance firm... "Don’t make me look like a jerk,” she told a reporter, “but I cannot bring myself to buy my children’s clothes at Wal-Mart.”

I actually see this article as GOOD news...

I mean, how bad can the economy be if a woman stupid enough to say that to a newspaper reporter was still able to go out and find a job?

Anonymous said...

Are you being clever making the opening comment appear to be from 2011, or is that just a typographical error? I thought it was clever, until I read the post.

sugam said...

“Don’t make me look like a jerk,” she told a reporter, “but I cannot bring myself to buy my children’s clothes at Wal-Mart.”

—The New York Times, January 1, 2011


shouldn't the date be: January 11, 2009 ??

Anonymous said...

"January 1, 2011" You should make a mint in the market tomorrow using your time machine.

Anonymous said...

These reporters are really something else. A family opens up their lives which helps the reporter make a story and earn a paycheck, and when they make a reasonable request such as "don't make me look like a jerk," what does the reporter do? She prints it. Her writing talents are so shallow that she just can't help herself and uses the quote. Maybe you're used to that behavior in New York but I find it stunning.

Buffett Fan said...

I agree with Mark - there is still hope for us all, but what's wrong with buying your clothes at Wall-Mart as long as they do the job. Do they have Wall-Mart plastered all over them? (I live in the UK so I've never seen a Wall-Mart). Would Warren Buffett worry about buying his clothes from Wall-Mart?

HoosierDaddy said...

what's wrong with buying your clothes at Wall-Mart as long as they do the job.

Wal-Mart usually isn't worthwhile for clothes. The quality is just too hit or miss (mostly miss). I've found it better to buy brand name clothes at the after-Christmas/end of year clearance sales. The stuff isn't that much more expensive and lasts for more than a couple wearings.