Stimulus Commentary
This nation is driven by consumers and we unfortunately cannot undo ourselves of our bad spending habits. The stimulus will only end up a disaster like the last stimulus checks sent out to “fix” the economy. The majority of the American public will spend their checks on frivolous items as soon as they get them. The blame is put on our economy and what it represents; the frivolous spending habits that the credit and loan industry has made us believe in. Obama speaks about sending the American public a stimulus check of substantial proportion. The size of the stimulus checks will not matter in the end. This new stimulus check proposal will have to do a lot more than just cut out checks like the Bush Administration did. This administration will have to educate the people to save their money and decrease spending. I believe the Obama administration is definitely looking for a long term solution and not a “quick fix” like his predecessor. While I believe in change and what the Obama campaign stands for, I also believe that this stimulus check proposal will have to be more carefully strategized to have a positive effect. We must learn from our mistakes. I know that when I got my stimulus check I actually put it in my savings for worse times to come versus my friends who went on a shopping spree with it. Again, I have to emphasize the importance of teaching the consumer better spending habits, so that we do not suffer financial debt or crisis in the future.
This nation is driven by consumers and we unfortunately cannot undo ourselves of our bad spending habits. The stimulus will only end up a disaster like the last stimulus checks sent out to “fix” the economy. The majority of the American public will spend their checks on frivolous items as soon as they get them. The blame is put on our economy and what it represents; the frivolous spending habits that the credit and loan industry has made us believe in. Obama speaks about sending the American public a stimulus check of substantial proportion. The size of the stimulus checks will not matter in the end. This new stimulus check proposal will have to do a lot more than just cut out checks like the Bush Administration did. This administration will have to educate the people to save their money and decrease spending. I believe the Obama administration is definitely looking for a long term solution and not a “quick fix” like his predecessor. While I believe in change and what the Obama campaign stands for, I also believe that this stimulus check proposal will have to be more carefully strategized to have a positive effect. We must learn from our mistakes. I know that when I got my stimulus check I actually put it in my savings for worse times to come versus my friends who went on a shopping spree with it. Again, I have to emphasize the importance of teaching the consumer better spending habits, so that we do not suffer financial debt or crisis in the future.
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