Monday, October 6, 2008

Playing Pretend with the Economy

On a side note: I know. People who read my blog (that sounds weird to me) are waiting to hear the rest of my political impressions (that sounds conceded and probably is). But, I have had a busy week and I do not want to be hasty about what I say next. So, the next one is coming and it is coming soon. I plan to make it as simple as possible.

Moving on…there is something that has been bothering me for the past six months. It’s the economy. I understand very little about economics and I am wholeheartedly lost in this mess. I am lost even after watching a television program on current economics (can’t learn it in an hour folks). I learned that this kind of meltdown has happened to the U.S. six times before. Hmm, and we did not learn anything? I know things are bad. I know that it is very, very bad that many of our largest companies are bankrupt.

Here is where I am confused. How can congress just decide to bailout the American market with $700 million? It seems like fake money to me. Maybe that is why the rest of the world markets are tanking too. We just pumped a bunch of fake money into it.

Here is another thing that confuses me. Everywhere I look I see Americans continuing to live their lives of leisure, enjoying their families, putting food on their tables. That’s the most important thing. Americans are still putting food on the table. In the Great Depression people instantly lost their jobs, were homeless and starving. I do not think that is where we are going yet, because I have been watching this closely all year. For people with jobs the biggest sacrifice I have seen people make so far is trading down their transportation. Americans can do with a little humbling and remember our simpler roots.

Further the American dollar is still way higher than what I would expect it to be at this point.

Granted, I am still paying my bills, my debts (cursed college loans and college credit cards). If I did not have a job, I would not be able to do this. I would be part of the problem. But, like I have said, I am confused about this whole mess: how we got there and how it will be corrected, if we can correct it.

The economy is fake, to me anyway. What would happen if we wiped it all clean? Probably nothing would happen at this point. That is what is happening in my eyes. Headline: Today Global Markets Tank and Wipe Themselves Clean – The Market Will Start Over Fresh Next Year.

No comments: