There are many who are only working twenty or thirty hours per week. People today are applying for food stamps at the rate of twenty thousand per day, not a good sign of better economic times ahead.
I can’t say that I blame Washington for grabbing onto any bit of positive news. After all, any encouragement is better then none. President Obama will unveil a new plan next week that is targeted at getting businesses to start hiring. I don’t know how that can be accomplished unless there is a plan to generate buying customers.
Once again the root of our economic problem is nothing more then jobs and paychecks. Obviously those who still have jobs are not spending as freely as they once were because they are afraid of the uncertainty of tomorrow. Those who are not working are not spending at all. Unemployment benefits have been extended trying to keep those needing assistance receiving a check as long as possible. This can’t go on forever though. There must be a solid solution to our problem and that solution must be followed through.
The solution is still the same. Nothing has changed as I see it from my end. In order to create new jobs we need to do a couple of things. Current businesses need to look at how they can expand and offer additional services and inventory. New businesses must be given every opportunity to start up. Businesses now are on the verge of closing, need to have assistance both financially and statically to stay in business and retain the employees they currently have.
Helping the big boys on Wall Street is not the solution but rather a continuation of the same old ways of doing things. If this were a “normal” recession I would say OK, perhaps the same old things we’ve done it the past will work now. This is not your normal recession or downturn in the economy. We are in the middle of something this country has not seen since the great depression. If we are not careful, we may just see history repeating itself.