Image via WikipediaI have been reading a lot of commentary on our dismal financial position and especially the fear of a “double-dip recession” which according to experts would be disastrous.
Economists are saying that since consumers are not spending because they can’t and companies are not spending (or hiring) because they do not want to and are sitting on their cash, the only money flowing into the economy is from the federal government and the federal government is looking to cut spending by trillions of dollars which some fear will stop growth all together and sink us into that double-dip recession.
The Democrats do not know how to create jobs and neither do the Republicans who somehow think that cutting spending will create jobs (just the opposite will happen) so what to do?
There is wasteful spending and there is job creating spending…can Congress distinguish between the two…I don’t know and listening to Tea Party activists; I don’t think so.
I have never seen a more useless Congress than I see right now. I also have never seen such a dearth of ideas from economists, historians and business people; no one has ideas because no one has lived through what we are in.
I think we can all agree that consumer confidence is a huge factor in spending and therefore getting the economy moving but the president and Congress do not inspire confidence in me or as it seems, in many others. So we keep the old car, fix the fridge and let the kids run through the sprinkler as their vacation fun?
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