Why is the economy weak when Americans are being some what responsible?

November 6th, 2008

 

Today I am proud for the American Consumer. People are being consurvative with their spending. It may not because of personal choice. Could be factors of possibly losing their job or because debt has caught up to them. Either way, I hope this continues for the next year. In the next year, even if 25% of Americans managed their finances properly, I believe that the economy could be stronger than it has in the past 15 years. I am pretty embarassed that the strength of the economy is based upon credit and over spending. In a year we could all figure out a happy balance and will would actually see some consistancy for the economy. Which I could say I have never really seen in my life time.

Downside for the time being; unemployment rates rising, stock market sell-offs continuing and etc. I am not afraid of the unemployment factors due to the simple fact that there are all ways industries need experts and there will all ways be some sort of work to ride out the hard times. Also, I am an individual that sees opportunity in any crisis. The reason that unemployment is so scary, is for those who have their paychecks racked up in overspending and debt. 

This is a necessary, and I am sorry for those who have had to become a victim of the Economy Crisis. You can all prevail because you are an American. Americans need to keep the momentum going day in and day out, and being able to be successful in any situation. United We Stand! 

 

Thank you for your time,

Joe Sobieck