Our total economy is built on people buying shit they don't need. If everyone stopped buying stuff they don't needs we would be in major trouble. You need look no further than our leaders to find this out. Right after 9/11 this country was in the throws of a recession. The Enron and Worldcom bankruptcies plus the dot com bubble bursting and 9/11 all hurt us bad. What did our president tell us to do? go shopping. He wanted us to go to new york and spend money. we are heading into another recession. how do they fix it? Send everyone a $600 check so you can go get the TV or Xbox or whatever it is you wanted and it will jump start the economy. there was a report on CNN the other day that said consumer spending now makes up an all time high of just under 80% of our economy. It kind of scares me to think that 80's of the power of our economy is based on people buying shit they don't need.
|