Let's not take too long of a recess

Stocks have fallen to their worst levels since October 2006.

Consumer debt is heading toward 3 trillion dollars.

Job losses are at their worst in five years.

The housing industry has burst.

Lending institutions are broke.

To top it off, inflation in China is nearly out of control and expected to worsen, which means much higher prices on all those comfort goodies American consumers just gotta have.

It’s really bad when consumer confidence is as low as their savings account balances because the earnings on those accounts aren’t worth the interest. It’s a poor philosophy, but “spend it while you got it” can keep you going until you end up in financial ruin. In time, it may be the reality of many Americans.

And yet The Bush Boy has expectations that he can stimulate American buying power with a few bucks down the road when, in reality, he may suspect the middle class will use their credit cards now and then. It’s that typical mentality that says “I’ll get the check in time to pay off what I just charged.” The problem with that reasoning: it probably will become a truth in spending.

When a society is conditioned to spend now and spend later with the notion that being in debt is an acceptable behavior then, guess what?, they’re gonna do just that. This time around a family has little choice but to follow in those same habits just to make ends meet.

Time and time again economists and smart fellows are adamant that a recession is avoidable, as if it hasn’t already arrived to those homeowners who have received foreclosure notices. Careful, economic prophets, don’t let those stalagmites of financial discontent creep up your pantaloons – they are growing upward at a pace representative of the increase in consumer indebtedness.

Careful now, if the populous finds its buying power takes a recess for too long a period of time, consumers may become upset and, eventually, economically depressed.