Posts Tagged ‘savings’

The economy….

Posted: April 10, 2009 in News, Politics
Tags: , , , , ,

OK, so the more I hear about this, the more it makes me sick.  Too many people extended themselves too far, and now we are all paying for it.  People bought too much house, charged too much on credit, and those of us who were responsible are paying the price.

Yes, I know, good people got screwed.  That’s because we allowed a government to get out of control serving commercial interests.  Mortgage rules were laxed, both parties were responsible for that.  And because of that, crooked companies were allowed to use crooked methods to sell people houses that they couldn’t afford.

But you know something?  It’s a self fullfilling prophecy.  And it’s time for the media to realize this.  Every time people (sorry, consumers) read in the paper about how much the economy sucks, they are going to spend less money that they really could afford to spend.  Then, the economy gets worse, and then people start spending less, until it cascades out of control.

And, I’m guilty of it too.  The mainstream media has done a pretty good job of scaring us all into little cocoons, and now it might be too late.  Because now, the unemployment rate is spiking.  And obviously, if you are working for a company that is not doing well, it might be time to save for that rainy day.  And if you have NO savings, maybe its time you start.  But, if you have a pretty healthy savings and a decent stable job, do us all a favor and spend some money.  We will all be better if you do.