|
StrangerThan -> RE: cons...still threatening a shutdow,...still holding disaster relief hostage.... (9/23/2011 1:00:45 PM)
|
quote:
ORIGINAL: SternSkipper
quote:
You want serious work. Well, what the fuck is serious? Government money is not going to turn this problem around. It's the money in your pocket, mine, and everyone else's. We have to spend. We have to have enough confidence to spend.
I am a sole proprietor of a consulting business and everything that comes in goes out in the form of SPENDING. I know DOZENS of businessmen just like me same story. Now, when we go to functions like BBB sponsored stuff, they tell us the same nonsense you're laying out. The rank and file are spending and have no choice but to do so. We do or we go under, period.
I know a guy who's over on the west side who's Co-CEO of a mid-sized medical services company. He told me today "Just keep your reserves up and wait it out. In a year Obama will get kicked out and the money will be flowing. Everybody just needs to hang tough for a while longer.". I was astonished. I know jack is politically hooked up. I would just love to know who told him to follow that strategy..
Exactly. People do spend. Companies do spend. And they're spending re to the line of we do or we go under, or perhaps for families, we do or we starve. We are not spending on a line that would drive the economy anywhere but at best, a flat line. Banks, large corporations, are sitting on unprecedented levels of cash, so much so that they're starting to get charged for storing the money.
The economy and consumer spending/ consumer confidence feed off each other. Suppress one, you suppress the other. If your friend thinks that Obama leaving will spur the economy, what he's really saying is the fear of what Obama might do to business is part of what's strangling economy.
|
|
|
|
