THOUGHT FOR THURSDAY: FREAK-OUT-ONOMICS

I am not, I repeat NOT, in any way, any kind of expert on economics but......

Here is my whole opinion on this "Economic Crisis".

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If you don't want it from an average American mom that doesn't know shit, then turn the page my friend.

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First a little analogy:

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If we were to turn on the news one morning and see newscasters broadcasting that the planet is about to be hit with a comet the size of a small city what would we do? We can't check. Well, maybe some of us with high powered telescopes and pocket protectors might be able to look into it, but average cool folk like us would just be like "Well shit! That sucks, what the f#@! do we do?" Then we would move our fat American asses and begin stocking up on shit like water, food, fuel, guns and other essentials.

The comet hasn't hit yet, but dammit, we are prepared for the worst.

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Now for my brilliant economic analysis.

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We did and are doing the same thing with our economy. It is sooooooo typical in an election for the opposing party to purposefully scare the American people into thinking that the other party has caused some sort of "crisis" and that we will all be "saved" by voting them into office.

That is standard politics people and both sides do it!

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Before I say my next piece, I want to say that there are real people out there hurting right now. The reason I am writing this is because we are one of them. We own a small business in construction and we took a huge financial hit with the downfall of new construction. We also took a hit with people wanting to save money because when they are saving their money they don't do improvements on their homes.

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So I am not saying that there is nothing going on or that we are not in a recession.

We are. I am merely saying that we are the cause of one.

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That was loaded! But....

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WE control the economy! Not those goons in Washington!

They came out and told us the sky was falling, and being who we are, and being unable to check the facts, we believed them.

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We stopped buying houses and cars because they usually come with long term payments and we "don't know what the economy is going to do".

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We started saving our money instead of spending it because

"there is a rainy day coming and we need to be prepared".

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All that money we withheld from the economy made businesses both small and large take a financial hit. So what happens when companies are taking financial hits? They start cutting the fat. Starting with employees, because they are often the most expensive.

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So now the unemployment rate is up and the newscasters have even more to scream about!

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It is a vicious cycle that has been repeating itself since last year.

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I wish that someone would just get on the air and tell everyone...

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"Hey you! Instead of putting that $50 in savings for a rainy day, why don't you go spend it."

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Crazy thought huh? But let's put it in perspective.

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According to the U.S. Population Clock there are 304,947,657 people in the US. today

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Of course this includes children so let's use this scenario:

Each family decides to save however they can. Let's say that between groceries, driving habits, not buying that new car or home, not eating out, etc. etc., they save $10 per day per person.

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$10 per person x 304,947,657 people = 3,049,476,570 either withheld or contributed to the American economy.

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$3 billion per day.

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So now you can imagine what millions of people withholding money because of an imagined "crisis" can do.

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Over the course of only 4 months of "rainy day" saving, we could potentially withhold almost $370 billion from our economy.

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Again, I am no expert but it seems as though withholding money in an economic crisis is the opposite of what we need to do, though some of us now have no choice.

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My Thought for Thursday is this....

What does our government and this new administration plan to do to encourage spending by average Americans?