I read the online edition of the local Florida paper from the area I lived in and todays edition of opinions tended to give me a bit of hope that people are learning, but along comes someone and shoots that theory done.
The big debate is over christmas shopping. Several people have indicated the offerings under the Christmas tree will be light this year. They are citing things like no money, Other bills due and just an awareness that they are living on the edge of a financial meltdown. Keeping what little money they have in their pockets sounds like prudent thinking to me.
Then along come the idiots encouraging them to spend, spend, spend to stimulate the economy. They even go so far as accusing these folks of complaining. I was flabberrgasted that anyone would encourage the wasteful and foolish throwing away of money as a method of stimulating the economy. Obviously those encouraging the wanton spending do not understand the power of the combined dollar, nor do they really realize exactly who will be affected the lower number of dollars spent.
The only ones who will be hurt by this is the mega giant retail chains. And you know what, that does tend to get their attention. Just imagine how quickly WalMart would lead the fight to better our economy if the stores were empty on Friday. Continued spending is not the answer, it just maintains the status quo. Why should WalMart worry about the economy is they are still doing a brisk business? I know what you are thinking the government would just bail them out, they are too big to fail. The problem with Government bailouts is that the consumer is still doing the same things today that they did yesterday, spending money they don't have on things they don't need.
Don't continue to feed the monster. Let the government bail them out but don't go back to them. We have to start letting these corporations fail. Believe me we can survive it if we get back to controlled spending like we used to do. When the government sees that we aren't interested in playing the game, they will look for a solution instead of sticking a Bandaid on an amputation.