Friday, February 27, 2009

The American People Are Keeping This Economy Down

Economies run on consumers and everything they put into it. Sure, we can blame this crisis on banks and the government and all kinds of things. In the end, it is the American people who are keeping this economy down. Pessimism is what is ailing this economy. The government has started laying down the pathway to recovery. However, we have refused to walk down this pathway and have remained in hiding. We are constantly complaining and always pick out something we don't like about government spending and regulation. At this point it isn't us who have a say. We elected leaders to have that say for us. We need to get off this sense of pessimism that this financial crisis and recession will not end soon. The more we complain and refuse to do our duty, the longer we will have to be frugal wondering how much longer we have until our job is taken away.

The consumer confidence index is at historic low. People are not spending money and not wanting to do their part. Take these low rates and refinance your home. Take the stimulus and actually spend it. The sooner we get out of this recession, the sooner our investments go up. The financial markets will not recover if we keep moving money around in it. It all starts with the economy and the American people. At this point we can only help ourselves. Don't be afraid to spend that cash money and do your part.

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