tdillian

Our Economically Frugal Present

to the author:

great article.. I work as an engineer in silicon valley, and I make a good living.. I have a decent sized house.. I drive a civic hybrid.. and paid off all my student loans just this past year.. but of course I still have other debt.. the mortgage, the car payments.. etc

your statement that the consumers, if given $$ will "hoard it", I can pretty much agree with it.. any money I get will be any extra car payment I make or it will go to my mortgage.. it will certainly not be toward buying anything..

I don't think this attempt to reinflate the bubble is going to work.. I don't know when I might lose my job, some of my friends have already lost their jobs.. so why in the world would I go on a spending spree.. that money will either go into my bank acctn or will pay down debt..

and I am pretty sure I will not be the only one thinking along these lines.