Comments on: What Would I Do to Fix The Economy?

By: Roy Johnson

Roy Johnson — Sun, 05 Oct 2008 14:48:32 +0000

Today as the bailout did what to free market capitalism road to rich where did all those tv commericals go? Gas market is 2.21 gal retail marketup are at pump prices of 3.69 in South Carolina.We do not ask Why? The retail markup has been around 60 cents.The only fix today is police and trial by jury with imprisonment.This play by oil or gas whoever it is is greed.And their greed will make America fail.Mainstreet oil crisis should have been taken care of by Congress a long time ago in their own bailout.Free market issue Forget it and act or lose America’s mainstreet.

By: Mortgages - Government Eases Regulations on Freddie Mac and Fannie Mae - Banking Blogs, Expert Advice on Goldparked.com

Sat, 07 Jun 2008 03:02:33 +0000

[...] instability overall. Perpetually sustained growth is a pipe dream. It’s an impossibility. A recession is a natural part of the economic cycle. Perhaps we should allow this correction to do a little more in evening things out. And then, in [...]

By: Miranda

Miranda — Sat, 15 Mar 2008 20:04:49 +0000

Thanks both of you for your remarks! I agree that the media has been a little too gleeful about all this. However, part of the problem is also to do with the fact that our consumerism is out of control. And also to do with the fact that if we’re not always in a state of growth, we think it’s bad. We need to realize it’s cyclical, and we need to be encouraged to be educated, and to prepare ourselves for naturally ocurring downcycles.

By: Jennifer Hofmann

Jennifer Hofmann — Sat, 15 Mar 2008 18:22:25 +0000

Yesterday’s news announced the first bank bailout by the Fed since the Depression.

http://www.bloomberg.com/apps/news?pid=20601087&sid=abl8CI.8oF8U&refer=home

I agree that excessive gloom and doom is unnecessary (and perhaps prompted the event in the first place), but the basis of it is that the average person isn’t liquid anymore.

The average American has $9000 in credit card debt… and this inflated spending is propping up the economy. What kind of model is that?

The way I see it, as Miranda said, there needs to be an economic “reset.” This week, 70% of educated economists say we’re in a recession. I think this is a good and natural slowdown for what has been unrealistic, unsustainable growth at our personal expense.

Personally, I see values like frugality, conservative spending, and simplicity becoming more the norm for the average American. I can hope, anyway.

By: Mary Emma Allen

Mary Emma Allen — Sat, 15 Mar 2008 01:44:45 +0000

Perhaps if the media stopped writing mainly doom and gloom stories aimed at panicking readers/viewers, there would be some upward swing to the economy. It seems every time a bad news story comes out, gas prices go up, stocks fall, people slow purchases, etc. We’re becoming controlled by the media (online and off). This won’t solve everything, but doom and gloom thinking never solved anything.