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Stingy Spending Sinks Economy

Stingy Spending Sinks Economy


  • Bernhard Warner is editorial director of Social Media Influence.
  • Matthew Yeomans runs Custom Communication

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Submitted by david wayne osedach on Fri, 10/31/2008 - 1:01pm.

stingy spending

Just about everybody is well aware that the recession is deepening and that many are to join the unemployed. Add to that the credit card bubble which is about to burst - auto manufacturers and airlines looking for bailout money - and states thinking about bankruptcy and Main St. is very, very cautitous. And yes, stingy with what little cash they have.

Submitted by npr1 on Sat, 11/01/2008 - 4:22pm.

spending vs saving

And after the current debacle in the financial markets, why would any thinking person go on a spending spree instead of a savings spree? It doesn't make sense. Whenever someone feels they are not going to make as big a profit this year, they start screaming, 'Spend!' as if my dollar is going to save their butts. A dollar in savings will more likely save MY butt.

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