Well, irregardless of what you are watching on TV, there is no secret that everyone is feeling the effects of the economy, job losses, and unemployment this year, 2009.
It was just a few months ago, we were all celebrating New Years Eve — everyone was hoping this year would be better — well frankly it’s very clear — 2009 is about economic survival.
Holding onto your job (if you’re lucky enough to have one) — putting food on the table, having shelter, and keeping that used car running as long as you can, is about all you can hope for to have a successful year.
Everyone is cutting back.
They are ordering food less, and eating in restaurants less..
They are avoiding tourist attractions, and staying local, near home.
They are lowering their cell phone plans. They’re cutting back on Cable and Satellite TV packages.
We’re removing the “extras” in life that we’ve all taken granted.
A dollar saved here — a dollar saved there — and we feel better about our situations.
So what’s the answer? When will this economy improve?
As soon as we all stop saving our money, and we start spending it! Isn’t that ironic? In order for the economy to improve, we must go back out there and live lavish carefree lives. Buy stocks, go on Vacation, order food in or visit a restaurant 3 or 4 times a week. Once that happens, and everyone starts spending — guess what? JOBS GET CREATED — not lost!
So…. who wants to be first? Who wants to bankrupt their wallet and then wait and see if it works?
Well not me — and probably not you..
So guess what? The economy will get worse. Hundreds of thousands of jobs will be lost or cut-back. Unemployment will rise, maybe even double what it is now in the next year or two.
Then that spells the right conditions for an Economic Depression.
About 2 years ago, I remember going through a fastfood restaurant, ordering a Deluxe burger, fries, and a drink. It came out to $8.96 and I couldn’t believe that cost. Probably 80% of that was profit.
Now the same restaurant, is touting their dollar menu. Their normal meal combo is only $3.99 – Probably 35% of that is still profit for them.
So what does that mean? Large Corporations who have been making huge profits all along — now are making smaller profits — but they will ride out this Recession which may very well soon be a Depression.
But the little guys — the regular middle class of society, are going to go through life changing experiences. We have to sell that second car or truck. No more boats or ATV’s. Our channel line up will dwindle. We’ll only use our cell phone minutes in emergencies. No more travel to remote destinations. Save, save save. Pay bills, and get hounded by credit card companies.
The best thing you can do, is stop watching the news, and talk to your neighbors, friends, and family members. That is where the real story is…
TV media will go on and on all day long about how well things are, how things are short term, and how things will improve. But that’s selling optimisim to the masses. Luckily we have the internet, YouTube, and blogs to really reinforce what we all see.
I don’t need a TV with scripted news anchors telling me something different than what is actually happening out there.
Be careful, and good luck.