Consider this
Lately I've been hearing more and more complaints about the economic "decline" under the Obama administration.(which of course began under GWB's watch) In speaking with someone, he pointed out that in Mountain Home and elsewhere, people were still packing restaurants for their entertainment and just plain "I don't wanna cook" moods.
This got me thinking, which is always a dangerous thing.
I know of at least one business that's closing downtown, and another which is suffering a severe lack of business.
Question: Is it because people don't have money to spend? I don't believe so. In my humble opinion, people are not spending available monies due to fear. Whether intentional or not, they seem to have fallen under the "spell" or impression that the economy is going to go belly-up because of the lack of any improvement brought about by the Obama strategies. There are those in the Republican Party that are spreading this message that we're in dire economic straights that are going to get much worse. Those that are spreading this message include the "Tea-Baggers", Rush, Sean and many more.
Now I'm not suggesting that there is any kind of conspiracy taking place but we should all know that continually promoting the message that Obama's going to "break" the economy and country, is a message that can influence the "masses". It's a negative message that just seems to flow off the lips of people that "appear" to want the failure of the Obama administration at any cost.(to you and me)
The fact is that there is a certain amount of recovery happening throughout our country. It's slow but expected to increase within the next year according to Chairman Ben S. Bernanke of the Federal Reserve as testified before the Committee on the Budget, U.S. House of Representatives on June 9, 2010.
"http://www.federalreserve.gov/newsevents/testimony/bernanke20100609a.htm"
If, and that's a big if, people are being influenced through the conservative media, which would be the loyal Republicans and some independents, that at some point, they will begin to think for themselves and realize that their actions may be responsible for businesses closing, and that many are owned by Republican "brothers/sisters".
This fear is based on nothing more than misrepresentations, distortions and erroneous statements, which are than communicated to family and friends via word of mouth.
It seems to be very much like Wall St. Many bad days are an emotional overreaction to negative information received, and instead of being a little patient, they panic. It appears that the stock market is wrought with emotion rather than intellect and knowledge.
Anywhoos, I have stated my "opinion" of what may be theoretically happening during this very trying time.
P.S. Spend it, don't stifle it. You are an important part of any recovery that may happen.
- -- Posted by lamont on Thu, Jun 24, 2010, at 8:13 AM
- -- Posted by MsMarylin on Thu, Jun 24, 2010, at 10:12 AM
- -- Posted by reallycurious on Thu, Jun 24, 2010, at 11:16 AM
- -- Posted by Franco8274 on Thu, Jun 24, 2010, at 6:12 PM
- -- Posted by reallycurious on Thu, Jun 24, 2010, at 6:33 PM
- -- Posted by MsMarylin on Thu, Jun 24, 2010, at 7:11 PM
- -- Posted by MsMarylin on Thu, Jun 24, 2010, at 7:21 PM
- -- Posted by workingbee on Thu, Jun 24, 2010, at 10:22 PM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 7:26 AM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 7:30 AM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 9:57 AM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 9:59 AM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 10:04 AM
- -- Posted by Franco8274 on Fri, Jun 25, 2010, at 12:55 PM
- -- Posted by MsMarylin on Fri, Jun 25, 2010, at 12:58 PM
- -- Posted by reallycurious on Fri, Jun 25, 2010, at 7:59 PM
- -- Posted by workingbee on Fri, Jun 25, 2010, at 10:54 PM
- -- Posted by Franco8274 on Sat, Jun 26, 2010, at 9:17 AM
- -- Posted by Franco8274 on Sat, Jun 26, 2010, at 9:21 AM
- -- Posted by Franco8274 on Sat, Jun 26, 2010, at 9:34 AM
- -- Posted by reallycurious on Sat, Jun 26, 2010, at 4:03 PM
- -- Posted by workingbee on Sat, Jun 26, 2010, at 9:03 PM
- -- Posted by Franco8274 on Sun, Jun 27, 2010, at 9:43 AM
- -- Posted by OpinionMissy on Sun, Jun 27, 2010, at 12:07 PM
- -- Posted by reallycurious on Wed, Jun 30, 2010, at 8:19 AM
- -- Posted by Mtn.Homer on Sun, Jul 4, 2010, at 7:16 AM
- -- Posted by OpinionMissy on Sun, Jul 4, 2010, at 9:05 AM
- -- Posted by Franco8274 on Sun, Jul 4, 2010, at 9:34 AM
- -- Posted by reallycurious on Sun, Jul 4, 2010, at 1:05 PM
- -- Posted by MsMarylin on Sun, Jul 4, 2010, at 2:28 PM
- -- Posted by MsMarylin on Thu, Jul 8, 2010, at 7:01 PM
- -- Posted by lamont on Fri, Jul 9, 2010, at 2:34 PM
- -- Posted by OpinionMissy on Sun, Jul 11, 2010, at 1:50 PM
- -- Posted by MsMarylin on Sun, Jul 11, 2010, at 2:11 PM
- -- Posted by lamont on Sun, Jul 11, 2010, at 4:41 PM
- -- Posted by lamont on Mon, Jul 12, 2010, at 7:22 PM
- -- Posted by lamont on Tue, Jul 13, 2010, at 9:38 AM
- -- Posted by lamont on Thu, Jul 15, 2010, at 9:33 AM
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