Tuesday, January 22, 2008

The Economy

Tuesday, January 22, 2008

The Economy

I have one month before I start truck driving school. With the way the economy is going I am anxious about the future.

I have been listing to some the right wing radio talk shows and they say that the democrats are causing this problem by predicting it. Give me a break! The media reporting the slowing down of the economy probable helps slow it down. The stock market is very much based on perception and therefore the reporting of it contributes to the panic. But the bad economy can not be blamed on the media alone. If we were in a strong economy then they would not have the bad news to report. The fact lies in that when we are paying $3.00 plus a gallon for gas the money spent for fuel is not used to purchase products and services that fuel the economy. It is inevitable that something has to give. If your income is in the upper 6 figures then it may not have the same affect on your lifestyle. But when a family is living paycheck to paycheck as many Americans are, then spending has to be cut back. It hasn’t been the driving. We still need to drive to work and do many of the things that we have become accustom to. I am afraid that we are in for some hard times. I hope that I am wrong and that something positive will happen before we get a snowball affect in out economy.

No comments: