Maybe your one of the lucky ones who have seen no changes in your life or the lives of your family and friends yet, however try to prepare yourself for it to happen. Sadly the Obama and Bush bailouts/stimulus plans have failed. At what point to we say enough is enough of throwing more printed money after more bad money? Is it time to cut our losses and move on? If it was up to me, I would say yes. Lets let businesses run their course, if they fail they fail….. We can’t as a Country keep digging deeper into debt expecting things to improve. Any credit consoler will tell you that robbing Peter to pay Paul is never a good idea, however it seems that is the course our Government is on.
As gas prices start to go back up for the summer, prices at the grocery store are starting to creep up, and when you go into a department store items are not moving off the shelf the way they used to. In Fact once they are sold, there is no guarantee that the item will be replaced.
When we look at the auto industry and the announced dealer closings coming soon to a dealer near you 
We also have to think of the number of jobs that are going to be lost, not just from the one dealer but from the part suppliers to the advertisers that its going to affect….
What we really need to be doing is looking at the big picture, which IMO is we can allow the company’s that are strong to keep going and those that are weak to fail or change the way they operate. If we don’t, we are not only prolonging the currant rate of affairs but making it worse. Its time to say no more to tax payer funded companies. If they can not make it on there own, its time to say good bye to them. Americans have always been resourceful, if you look at what happened during WW2, you will see that in a few short years we changed the shape of our country. Look at the number of production plants we had before the start of WW2 and the number at the end of WW2… We need to stop thinking that things are going to go back the way they where… There not! While change is never easy for everyone to deal with, it is something that We as a country need to do…. It may not be what President Obama had in mind, when he was running for President, however if he does not stop his course of action that he is on, we will have the type of change that few will enjoy. To be fair President Bush did start us on a downward cycle but it was President Clinton who started the ball rolling……
James Howard Kunstler has a very good post on the Economy below is just part of it
There are plenty of things you can state about the economy past and future with some confidence right now: * Cheap energy is over and our wishes for alt.energy are currently inconsistent with reality, meaning we have to live differently. * We have to downscale and re-localize our major economic activities: food production, commerce and manufacturing, banking, schooling, etc. * We can’t hope to have a stable money system unless we allow a workout of unpayable debt to proceed. * Even if we can do this, universal easy credit is a thing of the past. From now on, we have to save for the things we want and run our businesses and households on accounts receivable. * Major demographic shifts are inevitable as it becomes necessary to let go of suburbia and reactivate our derelict towns and smaller cities (and allow our giant metroplexes to contract). * We have to face the truth that our major social contracts cannot be met, namely the continuation of social security as we know it and probably all pension arrangements. We’ll probably have to change household arrangements to make up for these losses. * Health care will have to go through a revolution more comprehensive than just changing how we pay for it. Like everything else, it will have to downscale, re-localize, and become more rigorous.
Tags: budget, Economic's, economy