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Small Business Think Tank [This Network is not currently active and cannot accept new posts] | | Topics
Commonsense Approach To The EconomyViews: 253
Feb 03, 2009 5:26 pm re: re: re: re: re: Commonsense Approach To The Economy

James Booth
The original message, or post, here is on the Internet as:

"Here is an email that I just received from my Congressman:"
- http://mortgagegrapevine.com/thread/?thread=554200

Others may have received it in their e-mail

Lindy I think came closest to what the message was really about.

"There were few if any suggestions for what else might be done
-- from Reg, citing some things Canada has tried."

The grants Reg mentioned are a good plan, I think
- keeping in mind they are also a "short term fix"
- essentially start up capital, and those new businesses have to "fly" on their own
... for that program to be truly successful.

Again, those grants come at "taxpayer" expense, a form of socialism
- something well-known in the U. S. even as some deny it (Social Security for example)

Kurt probably comes closest to "solutions" anyone can effect:
"I'm focusing on the portion of the economy I CAN affect - my own business."
(my apologies if I missed someone else's idea)

Bottom line is that every community has wealth: the wealth of its PEOPLE
- their knowledge and experience, collective skills, and will, determination and ingenuity.

An *economic crisis* is primarily a lack, or loss, of needed *income*
- in the form of "jobs" (there is still plenty of work to be done) and *income*
(there is still plenty of need someone is willing to pay to have satisfied)

When money is in short supply, one of the first things done is *budgeting*

Part of any good budget is reducing *outgo* - money going out
... and any community which continues to pay in the range of 20% for *credit* to Wall Street
- money which never comes back to that community, that community will not survive.

Large chain retailers closing up opens opportunities locally.

We can form local alliances to do the same things we are now being "bled" to do
- like growing our own food
... and we can do them locally, and at less overall cost.


Private Reply to James Booth (new win)

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