CNBC to consumers: spend or ruin the economy
Can you believe this garbage! Unbelievable.
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http://www.cnbc.com/id/28314950
There's no shortage of bad news when it comes to the economy - the recession, fears of deflation and elevated jobless claims are just some of the things that people are talking about. The widespread sentiment of doom and gloom has put a damper on the holiday season. But is slowed consumer spending a result of hard economics or is the psychology of hard times holding consumers back?
In a recent study released by the Pew Research Center, it was reported that 73% of Americans say they plan to cut back on their holiday shopping this year. Nearly six-in-10 of those who said they're cutting back report they're doing so because they worry things might get worse; only 28% said they are cutting back because their financial situation has deteriorated.
Sure, we all need to save more and spend less, but extreme tightening might be the worst thing that consumers can do in tough times, as stopping normal spending will only put more pressure on the weak economy.
In order to fight the fear factor, consumers should not fight the urge to splurge -- within reason of course. In fact, they should take advantage of falling gas prices to get out and about, take advantage of deep discounts in the stores and online for gift giving, and remember that giving this holiday season will lift spirits more than ever before.
I guess the $8,000 of
I guess the $8,000 of unsecured debt the average American has isn't enough splurging for her.
Spend Money
Don't forget you SHOULD spend your dollars on practical things before they lose value. Although obviously the article wasn't about that.
e.g. :
Storable foods
Tools
Weapons
Martial arts training
medical, engineering, repair, agricultural training
Agreed, but that's not the
Agreed, but that's not the intent of the article. It says "consumers should not fight the urge to splurge."
Can we get a collective rolling of the eyes?
http://federalfallacy.com
http://federalfallacy.com
I would just rather look at
I would just rather look at the pretty reproter making goofy faces for free.
Be able to provide her with
some barbecued rat meat in a year or so and I bet she will let you do more than look at her.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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These talking points are
These talking points are everywhere! Did the fed send out a memo? On the radio, tv, print, SHOP & AWE!!
when did cnbc ever get
when did cnbc ever get anything right anyway? lol
WELL...
Anytime they interview Congressman Paul.
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
Well, I just spent quite a
Well, I just spent quite a bit at newegg.com... a few thousand. I suppose it's good for the short-term, but in the long term that money spent is going to save me a few hundred every month. Was that good or bad? In 10-15 months I'll break even on the expense, possibly sooner, and after that it will just be extra money in the bank with all that I'll be saving.
Bleh... I probably just ruined the economy.
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Spending is Saving
Ignorance is Strength
War is Peace
Freedom is Slavery
You left one out...
Credit is Capital.
;)
Pretty soon they'll be
Pretty soon they'll be announcing an increase in the chocolate rations.
http://federalfallacy.com
http://federalfallacy.com
In Australia, checks were sent out and the PM got on TV
and told the people not to "hoard" (save) them but to go out and spend.
Only people already on some form of government "aid" got the checks. One lady, featured in the newspaper, got $6,000 from the government because she was poor and had four kids.
They bought electronic goods and toys. Yippee!
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Let the human mind loose. It must be loose. It will be loose. Superstition and dogmatism cannot confine it. John Adams
Ron Paul "Sign Wave Across the USA" -- November 5th!
$6,000 simply for being poor
$6,000 simply for being poor and having 4 kids? Nice. People should remember that next time they go to the ballot box. This sort of thing is not compassion. What about the people who have spent years working and saving so that they could start a family and be responsible about it? What about them?
...
DOUBLETHINK!!!!!!
AAAAUURRGH!
Well... I guess I should
Well... I guess I should cash in my change bucket. It's all I have lleft... but at least I can say I'm PATRIOTIC!!! or is it IDIOTIC? Some times I get confused with the two.
Does my burka make my butt look fatwa?
Does my burka make my butt look fatwa?
YOU didn't spend enough
It's all YOUR FAULT!!
LMAO
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My liberty-minded home base of thought:
www.ponderthis.net
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Freedom - Peace - Prosperity
one way or another it will
one way or another it will be blamed on US.
That's exactly
what they want us to believe!
One way or another this will be turned around on us and we horrible Americans will be to blame.
I reckon they have a worldwide script
they have to read .. almost like the speech former Australian PM Howard and the Canadian Premier gave after 9/11 (which was exactly the same speech, word for word).
Summarised it says: spend up or YOU are to blame for the economy going down the drain.
In Australia, they have paid out the stimulus package and every media outlet is encouraging the recipients to live it up, to spend to keep the economy going, or else... implying that it will be the consumers's doing that we go into recession.
Going by USA, with the stimulus package paid out earlier this year, and a 2nd one on the way... my guess is that we are in recession too but nobody is to know until the figures are so bad that they can't hide it any longer from us. Btw: talks about a second stimulus package are for payment around June, 2009. I guess that is if there is still an economy left and any money in the kitty.
I tried
to find her email address I can't find it? Any help??
I would really like to give her a shout...
I want to tell her...I just cashed in all of my silver and gold and I am on my way to WAL MART whoooooohooooooo
I will bring Chinas economy back in one huge shopping day!!!
/s
Speaking of Wal Mart
Some statistics on Wal Mart I just read from rense.com
How Big is Wal-Mart
1. At Wal-Mart Americans spend $36,000,000. every hour of every day
2. This year there will be 7.2 billion purchases.
The article ends by saying "have Wal Mart bailout Wall Street and let Wal Mart sell GM cars"
The debt yoke is heavy
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My liberty-minded home base of thought:
www.ponderthis.net
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Freedom - Peace - Prosperity
Not heavy enough?
You think it's heavy now, wait until Obama "changes" it for a heavier one.
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
Consumers to CNBC ...
Shut the F up! We know what we need to do.
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Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
http://www.pollingmatrix.com
Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
The American Economy cannot
The American Economy cannot survive without the American Consumer living beyond their means....it is the ultimate debt trap.
http://www.1776solution.blogspot.com
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
Silver and Gold
Should be made illegal to purchase because its killing the economy. Mandatory purchases of vehicles every two years. A new executive order. If you can't afford a car you will be sent to prison until you can afford one. The taxing will increase until the economy improves.
By executive order #666
All beatings will continue until moral improves.
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
SSSSShhhhhh!!!!!! You don't
SSSSShhhhhh!!!!!!
You don't know who might be reading this. Some of the nutcases in Washing might actually take your advice!!!!
...
Too late!!
By executive order #666 All beatings will continue until moral improves.
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson
All tyranny needs to gain a foothold is for people of good conscience to remain silent. Thomas Jefferson