Tuesday, January 25, 2011
Freeze the economy and demand will be nil. If areas like our massive defense budget aren't pared to realistic levels and the domestic pork barrel known as Homeland Security isn't trimmed then this is merely lip service to the issues of the budget. Normally when trimming a home budget one looks at the most costly areas first which aside from the roof overhead is usually the last stupid things purchased. A certain war, an unpaid for drug plan, and tax breaks for people who don't need it comes to mind.
I was out yesterday running errands looking at all the empty for lease spaces around town. Couldn't go one block without at least one empty space. Buildings that had been occupied for as long as I've been here sit empty. A quick stop at a store gave an image of a near ghost town. I could have rolled a bowling ball down a shopping aisle and been lucky to hit anyone. Many walked empty handed. No cart, no basket and no sales. Seems that people are buying only what's absolutely necessary like a part to repair the toilet or a pair of jeans to replace the worn out ones. Two women in front of me passed through the checkout and walked out with nothing. Unheard of just a few years ago.
People are still not spending. Business isn't spending and the government wants to cut back? The Carebear is about to speak but I have lost confidence. He's asked for bipartisanship for what two years now with not one finger lifted in that respect? He preached Hope and that's about all we have left but Hope doesn't pay the bills. Hey and since they're sitting together when Wilson opens his trap to holler "You Lie!" somebody can smack him upside the head. So this might just be a good thing.