Comments on: It’s Time for the Stimulus Militia! http://www.creditwithdrawal.com/wordpress/2009/02/02/its-time-for-the-stimulus-militia/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Randall http://www.creditwithdrawal.com/wordpress/2009/02/02/its-time-for-the-stimulus-militia/comment-page-1/#comment-2713 Randall Thu, 05 Feb 2009 13:08:48 +0000 http://www.creditwithdrawal.com/wordpress/?p=1029#comment-2713 @Mr. Goto, Not to throw stones, but that's just the kind of mentality that's keeping us in the economic doldrums. Other countries need to 'step up' too, but the governments can't be the only one spending in the economy. Stimulus packages have to STIMULATE SOMETHING. And that something is consumer spending. We're big net IMPORTERS of goods, so many countries depend on us and our consumption of goods for much of their revenue stream too. Hunkering down and saving all your money is kind of like the beginnings of the story "Stone Soup" where everyone in a bombed-out town was near starvation and hoarding their own little bits of food trying to survive. It wasn't until someone convinced them to pool their meager resources that they realized, as a group, they could survive and rebuild their community. Everyone's got to do their own (small) part to get things moving along. Even if it doesn't seem to have any effect, things start to snowball. A little money spent here or there might cut a layoff from 1000 people to 999 people. Someone's got to be the first one to face the fear and work through it. @Mr. Goto,

Not to throw stones, but that’s just the kind of mentality that’s keeping us in the economic doldrums. Other countries need to ’step up’ too, but the governments can’t be the only one spending in the economy. Stimulus packages have to STIMULATE SOMETHING. And that something is consumer spending. We’re big net IMPORTERS of goods, so many countries depend on us and our consumption of goods for much of their revenue stream too.

Hunkering down and saving all your money is kind of like the beginnings of the story “Stone Soup” where everyone in a bombed-out town was near starvation and hoarding their own little bits of food trying to survive. It wasn’t until someone convinced them to pool their meager resources that they realized, as a group, they could survive and rebuild their community.

Everyone’s got to do their own (small) part to get things moving along. Even if it doesn’t seem to have any effect, things start to snowball. A little money spent here or there might cut a layoff from 1000 people to 999 people.

Someone’s got to be the first one to face the fear and work through it.

]]> By: Mr. GoTo http://www.creditwithdrawal.com/wordpress/2009/02/02/its-time-for-the-stimulus-militia/comment-page-1/#comment-2710 Mr. GoTo Tue, 03 Feb 2009 01:31:19 +0000 http://www.creditwithdrawal.com/wordpress/?p=1029#comment-2710 I don't think I can join this militia. One of the problems is that other national economies to which we have traditionally exported a lot of our goods are in worse shape than we are. Unless and until those economies are jump-started, spending here will not have enough of an effect to keep our economy going. We need those exports. So, I'm afraid the wisest choice for me is to spend conservatively to preserve cash for what could be worse times ahead. <abbr><em>Mr. GoTos last blog post..<a href="http://feedproxy.google.com/~r/GoToRetirement/~3/AaimPj7clFg/" rel="nofollow">Update Beneficiary Designations in Retirement Plan Documents</a></em></abbr> I don’t think I can join this militia. One of the problems is that other national economies to which we have traditionally exported a lot of our goods are in worse shape than we are. Unless and until those economies are jump-started, spending here will not have enough of an effect to keep our economy going. We need those exports. So, I’m afraid the wisest choice for me is to spend conservatively to preserve cash for what could be worse times ahead.

Mr. GoTos last blog post..Update Beneficiary Designations in Retirement Plan Documents

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