each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
That's why I feel such a sense of urgency about the recovery plan before Congress.
THIS NEGATIVE TRASH-TALK IS PART OF THE PROBLEM - AS IS THE SO-CALLED STIMULUS PLAN.
WE NEED AN FDR WHGO TELLS US WE HAVE NOTHING TO FEAR, NOT A NEGATIVE NABOB.
8 comments:
I disagree completely. I believe at this point to have anyone trying to convince us that things are other than they are would be insulting. I think Obama (I didn't vote for him btw)has balanced the facts by encouraging all Americans that we will get through this. However, it is important that we not expect things can change over night.
Personally, I object to any government deciding for me that I'm not intelligent enough or emotionally stable enough to handle the truth, be ugly or not. Ignorance, sugar-coating, etc. leads to further ignorance. Knowledge is power.
Your point is well-taken. However, I think you must understand that economic success is driven, in part (largely) by the national zeitgeist. Negativity will drive consumers to hunker down for a long winter, instead of being active and taking risks, which is what drives the economy.
There are two sides to this issue, but I think mine is more right than yours.
:)
Having spent over 25 years as an executive in the investment industry and 3 years in the mortgage industry, I believe I have a pretty good understanding of what drives the markets.
However, from a purely 'ethical' standpoint (a principle which has always guided my career) I believe consumers need to take calculated, informed risks. Not risks which are based on a misconception of what is happening and ultimately not in their individual best interests.
Case in point: How are you holding your assets these days? Are your personal spending habits reflective of 'business as usual'?
I suppose in a perfect world we'd all throw caution to the wind and let our individual spending be a reflection of what is good for whole? Fact is, we each need to responsibily safeguard ourselves (and rightly so).
Communicating the current state of our economy should not be dictated by the government deciding for us what drives fear, etc. The facts are the facts and each of us needs to take responsibility for how those facts align with our circumstances; not act on a false sense of "all is well".
Respectfully and more ethically yours, :)
PILE THE CASH HIGHER AND HIGHER
Now, what are you waiting for? Strike that match and get it over with, before you realize what you are doing!
Our economy is most certainly in a downturn.
But BHO's negativity, in addition to promoting a particular agenda of socialistic spending and regulation, is also having its effect.
In fact, according to the WaPo this week, disposable income is up a bit. Yet, people are holding their money close to the vest, even when there is no discernible reason for doing so.
Personally, I fail to see how spending our way out of this recession can succeed when getting into this mess was caused, at least in part, by indiscriminate spending.
Helene,
What is more important to the nation's economy on a whole? Prudence, or risk-taking?
YOu and I are trying to split the baby here. But, I've got the baby by the head, and you have it by the ass.
:)
HELENE; YOU ARE ARGUING WITH A STARW MAN.
WE POSTED THIS:
"THIS NEGATIVE TRASH-TALK IS PART OF THE PROBLEM - AS IS THE SO-CALLED STIMULUS PLAN."
WE DID NOT BLAME EVERYTHING ON THE NEGATIVITY. WE DID NOT SAY THERE IS NO RECESSION.
TRUE LEADERSHIP IS NOT SCARING PEOPLE INTO SUPPORTING SOCIALISM - SOMETHING THAT'LL MAKE THINGS WORSE.
@Blogger Reliapundit : 8:02 PM
re - SCARING PEOPLE
If you get them confused enough with fear, they will think that they are removing their heads from the noose, when in fact they are inserting it.
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