We the people are responsible for our current economic situation. We are responsible for the fall of the stock market, the crash of the housing market, the over-consumption of on-credit purchases. We are. Not some goverment leader or legislature, not Congress, our president (former or present), not our elders or the banks or any such leader. We are.
Sure we trusted the bank, the president, the ad campaign and our government leaders. But that's our fault. Lesson learned?
We got ourselves into this mess with purchases we couldn't really afford, houses bought with far more of a loan than we should have been approved for, and by trying to leave it up to someone else to fix it. We're still hoping someone else bails us all out. Even with massive bail outs, this isn't going to happen. That won't fix it. We fix it.
The current message is "don't be afraid to spend, we need consumers to be confident in spending to help our economy get moving again"....um, spending too much and making too little is what got us all into this mess in the first place. That's the offered solution? Consumers, people, think about it. Saving, not spending, causes businesses to lower prices and offer deals. You can still get the things you need. Maybe not the things you want. But the things you need...at a discount. GIf anyone is going to bail us out it is our power of influence with our own pocket books. Get the store, the bank, the whatever to lower the price to what we can actually afford by holding on and waiting for prices to drop to a reasonable level. Hold on to your savings, pay down your debts and I know this doesn't sound like fun (trust me, this is very hard for me, stay away from the shopping mall). We the people can pull ourselves out of this, and for good, if we take a cue from our grandparents and save our money and only buy what we can afford, no matter how easy it is to use our credit.