Saturday, February 28, 2009
Thursday, February 19, 2009
It seems the news these days is just full of doom and gloom about the economy. I can't help but wonder if some, if not all of this "hyper-gloom" is fuelled by the media's insatiable appetite for salacious news. Now, as billions of taxpayer dollars have evaporated in the U.S. as part of George W's bank bail outs, billions more dollars are being set aside to "stimulate" the economy. But wait a minute, all the talk of doom and gloom is having the opposite effect on the economy - it's causing people who have absolutely no reason for concern to hesitate, claw back and contribute to a shrinking of the economy. This is where the real danger lies. For a consumer/taxpayer, this can be a very stressful time. It used to be our job to stimulate the economy, and we were having fun doing it. Now we're being told that on the one hand we overextended ourselves by using too much credit, and on the other hand, we’re now not spending enough, so the politicians, who love spending more than anyone, are going to take over this task. Yikes!
My advice – ignore the government, ignore the media, and look out for number 1. Like they say on airplanes - make sure you have your oxygen mask on before you try to help others.
Here is my 4 point "Spa Economic Stimulus Plan"
1. Be charitable. I'll start. If someone you know has lost their job within the past 3 months as a direct result of the greed of the oil companies and the banks (both of whom caused this problem, always seem to be raising fees and prices and recording record profits, but never mind that), send me an email, and I will do my best to get them out to the Ste. Anne's Spa for the day, on me;
2. Keep spending. Even the worst pessimists are only able to imagine a 10% unemployment rate as a result of the current economic slowdown. That means that 90% of the population are still employed. Those of us who are employed must not sit and wait for the government to stimulate the economy – we can do a much better job if each one of us does our part. This is a great time to be buying things, lower prices, reward programs, low interest rates, you name it - shop, spend, save!
3. Be positive. Enough with doom and gloom already. Let’s stop supporting news organizations that feed on fear and negativity. Stop tuning in to all news networks that go out of their way to spread fear. Avoid engaging in conversations that accentuate the negative – accentuate the positive. We are part of the most fortunate generation in the history of mankind, living in the most blessed civilization on earth. We need to celebrate this every second of every hour of every day.
4. Pass it on. We need to get back to the business of being. Send a link to this blog to a friend. Do something to cheer someone up without them knowing who did it.