Archive for January 10th, 2009


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Consumers Can Rescue the Economy

wealth_thumb_4January 10, 2009When I was young talk about millions of dollars impressed me.  When I was older talk about billions of dollars dismayed me.  Now, regular talk about trillions of dollars, especially government spending, nauseates me.  People never seem to learn that they control the fate of the American economy.

It is far too easy to blame in bad times or thank in good times Wall Street, the government, or super-rich and powerful financial entities.  In actual fact it is always the spending of money by the general population on consumer products and services, housing, cars, or investments that drives the economy.  The core problem is that the public does not act in concert to serve its own interests but, instead, takes its cues from the external world and puts its trust in the wrong people and entities.