This kind of stuff drives me nuts. I saw something similar, blaming "consumers" for the recession during/after 9/11.
The "consumers" are the ones losing their jobs. They're not getting golden parachutes like the super-execs. The "consumers" are out of work, looking for jobs that hundreds or thousands of other "consumers" are competing for. The "consumers" don't have special "I brokered the deal that ..." to pepper their resumes with. They cut back, shop the discount places, 2nd-hand shops, take their kids out of sports programs, see the doctor less -- because they can't afford it.
Who are these economic experts who blame lack of consumer spending for the economy's crisis? Bupkus! Put people back to work, at living wage jobs, and they'll spend money again. Quit making stupid pie-in-the-sky loans & deals that a 1st year Business student could tell you was a bad idea. Until fiscal responsibility at the highest levels returns, this is just a way of distracting from the real problems.
Who would blame citizens for prudently handling their finances in today's circumstances? What are you, stoopid?
My soapbox is now empty.
From http://news.yahoo.com/s/nm/20081106/bs_nm/us_financial6_191
Europe cuts rates; U.S. consumers hit by crisis
By Daniel Trotta NEW YORK (Reuters)
........
"The U.S. consumer historically has been counted on to rescue the economy but the International Council of Shopping Centers called the retail sales environment "simply awful" and said the October results were the worst it had seen in 35 years." .......
The "consumers" are the ones losing their jobs. They're not getting golden parachutes like the super-execs. The "consumers" are out of work, looking for jobs that hundreds or thousands of other "consumers" are competing for. The "consumers" don't have special "I brokered the deal that ..." to pepper their resumes with. They cut back, shop the discount places, 2nd-hand shops, take their kids out of sports programs, see the doctor less -- because they can't afford it.
Who are these economic experts who blame lack of consumer spending for the economy's crisis? Bupkus! Put people back to work, at living wage jobs, and they'll spend money again. Quit making stupid pie-in-the-sky loans & deals that a 1st year Business student could tell you was a bad idea. Until fiscal responsibility at the highest levels returns, this is just a way of distracting from the real problems.
Who would blame citizens for prudently handling their finances in today's circumstances? What are you, stoopid?
My soapbox is now empty.
From http://news.yahoo.com/s/nm/20081106/bs_nm/us_financial6_191
Europe cuts rates; U.S. consumers hit by crisis
By Daniel Trotta NEW YORK (Reuters)
........
"The U.S. consumer historically has been counted on to rescue the economy but the International Council of Shopping Centers called the retail sales environment "simply awful" and said the October results were the worst it had seen in 35 years." .......
No comments:
Post a Comment