Reputation: 10
Why wouldn't it work? Americans are spending machine that ran out of fuel recently, all they need is a little bit to start spending again.
The only thing that would come up is people learn how to save and save the money that they're suppose to spend.
But apparantly people haven't learned, this isn't the first recession. And all the others have practically the same cause and the same prevention. SAVE. Stop over speculation
Reputation: 24
i bought myself a loveseat swing for $399 it was $1199 last year
i saved $800 i love the credit crisis
i actually have been buying more shit because of it since prices so low
Reputation: 14
If people keep saving, money stops flowing, if money stops flowing, prices start growing!Originally Posted by Zynx
Reputation: 26
The reason that economic is getting worse is because few people are willing to spent luxury. If no one is spending money, it's either the economy will be drop extremely or rise extremely which leading the rich being richer and poor gets poorer. Obama is giving confidence for people to spent money. When people able to spent money, more job will be created.
I don't see it as bad plan. If you suggested that American should spent more time saving money, then when is the right time to spent? Goods are made by demands given. No demand, no goods. Which also leading to less jobs being created.
We need keep money flowing to create more money. You have to look at the bigger picture to understand the cycle of money. More demands = more jobs.
Nobody is asking you to spent more than what you have. If you're doing it then you're doing it wrong.
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