You Have To Spend Money To Turn The Economy Around

[mudesi]

Hate to say it, but people need to start shopping. The economy will not turn around until consumers start spending money again. Stop hoarding your cash because you're only stagnating things and making it worse. The recession is as much about perception as it is reality. Everybody is saving, afraid of losing their jobs, not stimulating the economy all because they're afraid this recession is going to turn into a depression, and to put it quite simply, that kind of thinking will lead to a self fulfilling prophecy.

You have to SPEND to get the economy going again. If you don't spend just because you think things will get worse, then THEY WILL get worse. So my Easter message for everybody today, Christians and Non Christians alike, is get out there and buy something. Anything. Just get out there and go shopping. Businesses will start making profits again, the banks will start to lend to them, and things will turn around.

Things are very different today than in 1929. This is not a depression, it's just a recession like all the others. Those recessions ended when people started to spend their money again. Obama is doing all the right things and so is the fed. Now it's time for the people to step up.

[peace13]

1. I think that the people would feel better if Obama showed signs of holding the thieves accountable.

I understand what you are saying and have written here that we have continued to spend money on home improvements and things of necessity in order to do our part for the local economy. Unfortunately the word and actions out of DC do not encourage people. An example, my son would be the perfect target for the first time home buyer tax rebate. We looked at houses and have decided that we need to wait and see if he will still have a job by the end of the year. Good ideas have been proposed but the uncertainties and ruthless unchecked thievery has people very skeptical that more debt is a good idea. In the olden days I could have told him not to worry, that we could help him if he lost his job. Quite frankly I don't want to be on the line for anything extra at this point.

[JVS]

2. they have to pay us to get us to spend it

[tabatha]

3. One of the more positive things about the turn-around in this recession is

that people are reducing their debt.

Spending is OK - if it is necessary, it does not interfere with saving, and it does not get one into debt.

It was the crazy spending and over-consumption that caused the problem in the first place.

[VenusRising]

4. One must HAVE money to SPEND money.

[JVS]

7. Especially with credit as tight as it has become

[Tierra_y_Libertad]

5. Buy!! Spend!! Isn't that what got us into this mess, and what Dubya told us to do?

Just sayin'.

[onethatcares]

6. I would do just that,

if I wouldn't have had to take a lower paying job due to the construction industry taking a big dump. If my health insurance premium wouldn't have risen to consume the lesser amount I now make, or my homeowners insurance premium would just reduce itself to where it was 7 or 8 years ago (785.00 a year vs 2800.00 a year).

Yeah, I'd shop til I dropped......................................if only.