American life, society, politics, economics and the world as I know it to be. Please pay attention carefully. Comments are encouraged and welcomed. Linking, re-posting, copying and general theft is celebrated with exuberance. Open your mind and Enjoy the ride......
Killing Economy??????
Did you get a load of the article in Time's, Moneyland, by Brad Tuttle,
titled "How The Newly Prudent Consumer Is Killing The Economy"? If
not, you can read it here> http://ti.me/mU4iM9
. Where do I begin? Do they really think that we "Consumers" are
eager to jump right into that pan of water now that it is boiling? If
they do then they must be out of their minds. And Mark Zandi of
Moody's Analytics thinks we might be a little froze out here. Damn
right we are and we have every right and reason to be. Corporations
have lobbied and paid for the regulation/deregulation that setup this
house of cards. The financial houses led the way all the while
cheerleading these profit making power houses. Not one had a clue of
what catastrophy may be ahead in the future. And when that day arrived
they cried out that they must be saved first and were. They tossed us
from that life saving boat without a line and now they are crying out
for us to return because they need us to row. Are they beginning to
realize that if we don't consume, there is no recovery? How about this
realization? JOBS.......... We need JOBS. We need manufacturing
JOBS. We need hi tech JOBS. We need the energy of the future JOBS.
Maybe as consumers we might have a little leverage here. Maybe the
financial sector can speak to all those job creators out there and
remind them that it might be helpful if they created some of those jobs
right here in the little ole US of A. Then we "Consumers" might think
about getting our feet wet again. When a 50 yr old, hard working family
person, tries to do their part and live the dream (the house, the
car,the vacation and send their kids to college) and suddenly the entire
economy falls apart (no fault of their own), and they lose their job,
their home, their car, their family. When they see the lifeboats hit the
water and the only ones saved are they ones who recklessly caused it,
allowed it to happen, or saw nothing at all. And when the fingers are
pointed they all seemed aimed directly at him or her. When all this has
happened, why would you be so eager or able to jump back into the same
ole game. Don't think so......... Bring us some real jobs and some
real security and maybe we will be willing to play again.
Killing Economy??????
2011-11-24T11:01:00-08:00
Spike
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