We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
The recession is going to continue for a while anyway. Only a naive person [and there seem to be a lot of those in this Administration] thinks that those folks who are getting strapped for money are going to rush out and buy new stuff for the sheer pleasure of it. We 'make do' instead, buying less expensive groceries and cooking more at home, temporarily eliminating impulse purchases.
I remember in my youth, back in the '30s, my family's friends would have Saturday night gatherings at each other's houses, each bringing a casserole or a dessert to add to the food, playing cards indoors if it was cold, or games outside if it was warm. The littlest children were nestled onto the hosts' bed and watched over in turn by parents.
If there is anything which emphasizes the difference between the elected elite and the real people in this country, it's this sappy idea that folks who are short on cash are open to being instructed by Washington to buy new cars, new furniture, new clothing.
Get real, you politicians. When you don't have easy cash, you 'make do.'
The economic illiterates (with Obama in the lead) in Washington have it all backwards. It is saving and investment that creates jobs, income and the ability to spend. (Suber's pejorative attidute towards consumer spending is misplaced.)
What is needed is a legal and economic framework that makes sense so people are willing to take risk with capital. Obama is spending all of his time on government spending, undermining the rule law (inluding bankrputcy and secured lenders rights) and raising taxes. This is the opposite of what we need.
We need to create real incentives to take risk where the rewards will not be confiscated by government.
People aren't spending because they know incomes will contract under these policies and they will no longer be able to afford their current lifestyles. The people aren't stupid. The government is.
Once again, you have to ask why does Obama and the Democrats continue to pursue such pernicious economic policy. Obama is trying to prove in his own twisted way that capitalism is a failure so he can push his neo-Marxist agenda. Like everything else, it is a strawman argument.
There has not been a single capitalistic initiative from Obama. The fact that Larry Summers and the rest of his economic team has not quit simply show that they are willing to sell out America in order to carve out a niche in the new state order.
I, on the other hand, are buying everything I might want that in the future's raging inflation will be lots higher. Only good stuff, that lasts.
Since I have no debt, this works for me. I don't see much value in investments which can be taken over and mismanaged by government, or in keeping money in savings and 401K's which can be taxed into the ground, so what's left?