Posted on 12/30/2008 5:29:13 PM PST by BenLurkin
...
There will be plenty of pain in 2009, as employers cut more jobs, the unemployment rate rises toward 8 percent or higher, and shellshocked consumers curtail spending even more. But beneath the dismal headlines will be some hopeful trends. Here are some of them:
1) More saving. If you haven't heard by now, the savings rate in America is alarmingly low - barely above zero. ...
For once, anxious Americans appear to be putting more of their paycheck in the bank. ...
2) Smarter spending. Most middle-class Americans could find ways to cut their spending by 10 percent without downgrading their lifestyles all that much. That kind of cutback would be a disaster for stores, but it ultimately benefits consumers because frugal spending forces retailers to offer the best possible products and add as much value as possible.
...
3) Great buying opportunities. Nearly everything is cheaper than it was a year or two ago - electronics, gasoline, cars, homes, and especially stocks. That's no excuse for impulse shopping. But it's a great chance to buy things you might need eventually, like a new computer server for your business, or a minivan for your family. Talk about "deflation" might leave the impression that we can now take low prices for granted. Don't count on it.
...
(Excerpt) Read more at biz.yahoo.com ...
Outsourcing jobs and increasing the price of goods due to skyrocketing fuel costs killed the economy. When 70 percent of your GDP is people buying crap and you cut into their discretionary income to reduce labor cost, you’re going to see people spending less.
Back that up bronx,boy. Let's compare "your" home state of Ohio to my home state of Georgia, also Florida and Texas...comparable states in size and income.
Sanford talks a good game
Why don't you tell us who you support, b-boy? And why...
bronxboy you are not a conservative nor any resemblance of one, but clearly a very clever disruptor able to disguise yourself for 4 years.
Everyone should read his/her posting history on his/her home page and decide for yourself.
I agree with your assessment. You cannot send all the middle class jobs offshore and then expect to be able to sell your product for long, the middle class was the ultimate consumer.... but the executives in this country got greedy sometime in the late 70’s early 80’s and when they figured out they could get rid of all that labor costs and put it into their own pockets they only saw their own benefits and didn’t give a fig about how the entire country would be affected — and the man who led that charge was Jack Welch.
I don’t need to read them, I’ve seen enough of his posts here the past couple of months to know he is no conservative, anyone who espouses the crap this government is doing to all of us is no conservative.
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