Support the economy - Hazy College Days



Hazy College Days: Support the economy
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Saturday, March 29, 2008

 

Support the economy

Everyone says the economy is going into a recession. Well, then we all need to do our part to help bring it back up.

GO SPEND MONEY. We talked about this in my economics class, the more people spend, the more money business have, and the more jobs they can have. Its called the multiplier effect or something to that extent.

There is a trick to doing your part to bring our economy out of recession though, you must keep your money in the country. One problem with the multiplier theory, is that if the money is not kept within the economy, then the dollar still multiples, except it multiplies in a country other than ours. For instance if you buy something from wall-mart, it was more than likely made in China. Now the dollar you spent at wally world, has left our economy and multiplied in China. I know some economist will prove me wrong, but this is the basics of the theory.

So I have done my part to support the economy, I bought a new TV. I bought my TV from a local SMALL BUSINESS, and got quite a good deal on it. Now, I could have gone to any larger retailer, and probably would have gotten a better deal, but in order for my patriotism to feel satisfied, I had to buy from the small guy. Small business supports over 90% of jobs in our country, yet these business do not support 90% of the Gross Domestic Product. Small business is the workhorse of our economy, so it needs our support. If you buy from these overly large corporations, in the spirit of making even more profit, they will spend the money in smaller, less developed countries at a cheaper price.

You can vote for a president, and not see any real change. Same thing with senators and governors, etc. none of them can really change anything, your vote is of little value, yet still important. If you really want your vote to count, if you really love the freedoms we enjoy on a daily basis, and wish to someday hand a beautiful land with free people living on it down to your children on so on, then you must use the strongest vote that everyone has. Vote with your money.

Money, unfortunately, does make our world go round. Without it, America would not be the young leader that it is. So that means that every dollar you make, and spend, is a vote. Lately, our votes have been going to outsourcing, corrupt banking practices, and foreign made goods. We must support our own country and not everyone else's, buy American, support small business, and make sure you know where your dollar will go after it is out of your hands. The government is giving many people rebates within the next couple of months, so do the right thing and spend every dime they give back, and make sure that dollar stays American.

Sorry for the economics/civics lesson, I will have more restaurant stories coming Monday night.

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Comments:
The concept behind your post only works if you're spending money you have. If you're buying on credit you're putting our economy into a bigger hole and perpetuating its problems.

The best way to help our economy is to save money, pay off your credit and start a small business. Check out the free movie "Money as Debt" on Google Video for a 47 minute lesson on why buying on credit and going into debt is the worst thing you can do for the U.S. economy.
 
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