Things are going to continue to be lumpy financially for awhile until companies and the government stop with their layoffs and cutbacks and go back to putbacks. Putbacks, is a word I have coined, that means putting money back into circulation in business, local economies and most of all, the hands of the American and World people.
Any kind of growth from the Depression we are in can only happen once people start spending again. Even the wealthiest of wealthy people will start grousing because they are starting to dig into their savings and live off of their principal instead of their interest (because our rates are so low).
The average person who is in the 20% of the unemployed is trying to stay afloat and will not be spending money on goods and services that the wealthier person or company owns. As I’ve stated before, that leads to a downward spiral. The way around this situation is to get people employed.
I submit to our President Obama that he must institute direct employment programs and do it pretty quickly. We need to have people putback into circulation working. We need people to be putback into a state where they can recover their dignity and get their lives and hope back on track. Money needs to make it to the hands of small business owners so they can get their business moving and hire people.
Programs similar to the Great Depression’s TVA program and other great projects to rebuild dams, highways and superstructures have already started getting approved. We need less money going to bailout programs to companies that are ingrates and can’t manage themselves. If the United States is our financial parent, we need our parent to make sure that all our children are eating, have a roof over our heads and decent medical coverage.
The way to do that is to get people working. After they are working they will spend money. That generally isn’t a problem in this country. The problem happened because people were overspending, didn’t have enough of an income stream and people were greedy. For the short term, I am hoping some people are learning their lesson and I wish them all well.
Let’s keep the energy and pressure going on Congress and the White House to putback the Spirit of America into the people of America. With all the extra money being printed and not a care in the world for inflation, why not start sending more money to local programs to get them going instead of this horrible level of cutbacks (especially in California) in programs that help people who are productive but just need a financial leg up?
We need to stop financial cutbacks to health programs that are being hit.
We need to putback the programs that help people with special needs, people who are out of work, people who are trying to start up a business to make money and things to bring people together financially.
Folks, don’t be fooled by jumps in the stock market right now. Our country still is in deep cutback land and things won’t get better until there is more putback coming down to the average American who is trying to make a living.
Climbing off my soapbox now, just a reminder that we are in the last couple of weeks of income tax time here in the United States and if you haven’t filed your return because of fear that you are owing cash, at least get the return filed. There are penalties for not filing on time and you can always negotiate payments with the IRS and respective state taxing authorities later on.
Please be safe, healthy, happy and do what you can to get wealthy.
April 06 2009
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Kim Isaac Greenblatt