07-23-2009, 10:23 AM
I think that lower bill counts etc is based on 2 major issues.
1. The masses confidence in the economy, and this lower confidence is bringing people to the realization that they should lower their personal debt, and cut spending in case it gets worse.
2. The banks are still not opening the lending pipe up to spaces that would drive the economy. This is because even though they are starting to climb out, they still have massive amounts of mortgages that are toxic in nature. Meaning loans that are backed by a property that is no longer worth the cost of the loan.
I honestly think the best thing the government can do right now is to leave it alone (With the exception of passing some regulation that would prevent the banks from doing the same stupid shit). The last thing we need now is the banks to start going stupid agin, knowing that the goverment considers them to be "to big to fail". That needs to be fixed.
On the Masses issue, I think we need to let the stimulus that's out there solidify. In the end there is only one thing that will build up consumer confidence. The employment situation. When people see 10% unemployment, and fear it may go higher, they stop spending.
Ask yourself this. Have you decided to not make purchase because of the economy? I know I have.
1. The masses confidence in the economy, and this lower confidence is bringing people to the realization that they should lower their personal debt, and cut spending in case it gets worse.
2. The banks are still not opening the lending pipe up to spaces that would drive the economy. This is because even though they are starting to climb out, they still have massive amounts of mortgages that are toxic in nature. Meaning loans that are backed by a property that is no longer worth the cost of the loan.
I honestly think the best thing the government can do right now is to leave it alone (With the exception of passing some regulation that would prevent the banks from doing the same stupid shit). The last thing we need now is the banks to start going stupid agin, knowing that the goverment considers them to be "to big to fail". That needs to be fixed.
On the Masses issue, I think we need to let the stimulus that's out there solidify. In the end there is only one thing that will build up consumer confidence. The employment situation. When people see 10% unemployment, and fear it may go higher, they stop spending.
Ask yourself this. Have you decided to not make purchase because of the economy? I know I have.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi