Sunday, September 28, 2008

Whose Responsible for the Economy?

(This is what I would say if I were running for president.)

My friends, I know we are all worried about the economy right now, but fear not. Yes, we are experiencing one of the hardest economic times in recent memory, but things are still good. We still have food to eat and are coming together to make sure we all have a roof over our heads. It could be worse. Remember this.

Now I won't stand here and say that the economy is hunky-dory and we are doing just fine. Everyone from the investors on Wall Street to the corn growers in Iowa know that we are being effected by the bad decisions of a few institutions.

I will tell you this, however it is going to get better very soon. America cannot be kept down. We will bound back and be even stronger than ever.

Now in order to do this we much all stand strong and stand together.

As president, I will do my part to make sure that the government is watching out for its citizens. I will make sure that our workers, with every color collar, do not go without the basic things we need in life. To ensure a healthy democracy we need healthy people out there doing what needs to be done.

That said, I want you to know that the huge businesses that helped cause this mess will likely not be around much longer. The government will help the people. That's its job. But we will not provide a free pass to those who cannot create a stable marketplace for our investments.

This is what I will do. While we are concerned about specifics right now, I promise that this spirit will be in whatever economic plans I support.

Now this isn't enough however. I need, We need, America needs you all to be patient. It is hard right now to sit back and watch the news and the rest of the media sound like Nostradamus soothsaying or investments away. There is the temptation to pull your money out of the economy. Don't do this.

Your savings in your bank accounts are insured. The government will pick up the slack if it came to that, but that is not an issue thanks to FDIC. The reason we insure your accounts is so that you can keep your money in the bank. This keeps the banks strong. If you were to take back your money and put it in a hole in the ground then the banks would have no way to play their parts in the economy.

Along with staying calm I ask for us all to spend the next few months living frugally. This doesn't necessarily mean tightening our belts, but it does mean simply paying attention to what we are spending our money on. If you want to make sure that your money is safe start with looking at how most of us loose most of our money, living beyond our means.

If we simply spend wisely and save over the coming times we will soon be able to bring our economy back to where it was not too long ago.

You do that and I will keep of my end of the deal.

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