An article in the Wall Street Journal admitted, in its crazy way of not saying what they mean, that the goverrnent wasn't spending enough.
What it did say was that Americans were saving too much, and that was keeping the economy from recovery.
So what the WSJ wants us to do is go out and spend like Bush urged us after 911.
But those who still have decent jobs are scared or noticing that many business are cutting costs and they are going for the bottom line.
That's forcing people into low paying jobs.
Plus we get messages from banks and other institutions constantly.telling us to save.
And people are worried that Social Security and Medicare won't be there when they need them; maybe because that is exactly what the GOP keeps promising us.
Yet, we're supposed to shop til we drop and save the economy?
Maybe the WSJ can ring up their Koch brother buddies and others of the 2%, and tell them to shop till they drop.
Ordinary people spending our way out of this recession is unlikely to happen.
But there is a spender of last resort, and it is the government.
Not only can it buy products, and order up repairs, but it can pass out money for infrastructure building and the hiring of teachers and other public servants.
Hey isn't that what the president's stimulus plan is trying to do?
Yet, of course, the Journal won't push their GOP allies to vote for the president's plan.
Just tell people to go shopping. It's Bushco 2011.
I'm not linking to that report. I just read part of the article in my daughter's paper edition this weekend and it's hard to get links out the Journal from behind their paywall unless you can remember the exact wording of the title which I can't.
