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Dec
29
Prediction — The Economy Will Improve Next Year
Filed Under economy | Comments Off
The economic situation will start to improve next year.
Watch for news coverage discovering new optimism about the nation’s and the world’s economic situation after mid January. Increased consumer confidence will increase spending by formerly nervous individuals and families. Said optimism will spread to the financial sector which will loosen up lending criteria. More loans will mean more money being spent bu corporations and individuals. Businesses will see the uptick and will hire back people who had been laid off. Production will increase meaning more people will be hired to produce the items and services people want to purchase.
The cycle will repeat over and over until the economy is raging again — it happened after the 1930s, 1970s, 1992, 2000 — it is guaranteed to happen again.
Dec
27
Ever since the demise of the “masters of the universe” broke on the 24-hour news channels, continual reports of ailing businesses, layoffs (stealth or otherwise) and all of the daily bad financial news dominating the news cycles, spending time focusing on the petty political concerns of the past that do little more than create lots of sound, fury, little action and no results (except to enrich friends and family) strikes me as being foolish.
Until the problems that are causing all Americans economic concern are addressed and resolved, wasting time trying to score political points — either for the left or the right — will only result in Pyhrric victories.
Battles can be won, but if the middle class continues to fear their economic security – especially fears that their long term retirement security is in jeopardy and a notion that economic advancement for generations younger than the baby boomers is no longer achievable because the “me generation” has greedily consumed everything leaving only scraps for their kids, either party’s failure to fix and grow our economy will mean electoral losses in 2010 and beyond.
Politics in D.C. will need to move away from the standard narcissistic desire for fame, adulation and monetary gain and into the realm of real world goal oriented action designed to further the notions of public service. Politicians will need to once again become public servants, rather than seeing the public as being their servants.
Let’s hope that the cures the are cooked up in Washington and our nation’s state capitols don’t exacerbate our nation’s economic woes.
I remain optimistic that our leaders will solve many of the problems and will look beyond themselves (and their desire to enrich themselves) in an effort to serve their constituents.
