The economy sucks

Author: admin  |  Category: Observations, Politics, Thoughts  |  Comments (2)  |  Add Comment

I know, and after watching “The Secret” I’m supposed to keep a positive attitude, which I try to do all the time and are successful many times but I feel I need to get this off of my chest.

The economy sucks. Yes it does. But why?

People are blaming the government – while allowing companies to outsource jobs (and give them tax breaks for doing so) seems to be one of the major factors, it isn’t. The credit crunch now is hurting a lot of people from making large purchases, but most of us still have the credit cards.

The recession is caused by people not spending. Why aren’t they spending? We’re seeing less money or not an increase in money. Why is this happening? Easy – large corporations are hoarding money. I saw a news report this morning about it and I wish I saved the link. Companies are hoarding the money at the top of the chain, including (for the most part) the “stimulus” that the government GAVE to these corporations. They’re being stinger than Montgomery Burns and Ebenezer Scrooge put together. My company didn’t give out ANY pay raises last year and are not giving any out this year (plus no 401K match, and a few other benefits gone). Sure, “temporary” – we all know what that means. I know if I’m lucky I’ll see a raise sometime in 2010 (doubtful, though).

The really sad part is that Wall Street is rewarding this behavior (and why do companies stress so much on the price of their stock?). Large business A says that they are going to lay off thousands of employees – thus contributing to the bad economy and Wall St rewards them by people buying their stock (making the price go up) and making the high-ups who can afford to purchase millions of shares richer.

So, here we are, the worst the economy has been in an extremely long time, at least in my lifetime. What can we do? Unfortunately, not much. What I can suggest is find a niche, something you’re good at, and promote it. Who knows, maybe you can make some extra money with this. But don’t try blogging – I barely make enough though the ads to pay for the registration and hosting fees. J

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2 Responses to “The economy sucks”

  1. Brian Says:

    You can sum up the economy in two words, “fiat currency”. Designed to decrease in value and not backed by anything. Thnks to the private bnkers who own the federal reserve, there has been nothing Federal about it since the Federal Reserve Act of 1913.

    http://en.wikipedia.org/wiki/Fiat_currency

    http://en.wikipedia.org/wiki/Federal_Reserve_Act

    See ya on the forums, Brian

  2. admin Says:

    So true which is why I recommend that people watch the documentary “Money as Debt” (available online – it’s about 45 minutes long).

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