Monday, December 1, 2008
This Christmas Buy An Extra Gift
Help is on the way, but it is going to be another 50 days, 30 plus 20, before the new administration takes office. Until then little if anything is going to be done to help our economy get back to full employment.
There are a couple of ways to look at this. First, there are those that want an imbalance between jobs to be filled and the number of laborers to fill them. This is classical supply and demand economics. The more laborers available the lower the salary or hourly wage the employer needs to pay. It is a buyer’s market if you are in the market for labor. This may have a tendency to push down wages and thus have a deflationary effect on the economy.
On the other hand, any stimulus coming from the Federal Government, though inflationary, is not likely to take place until after the new administration takes office. Even helping out the states so they do not have to lay off workers this Holiday Season could go a long way in keeping the unemployment lines shorter. However, I do not see the present administration doing anything like that. Obama is not yet president and the present president is not there either, so, as far as the economy is concerned we have no president.
Basically, the American economy is going to have to hang on until January 20, 2009. One good thing in our favor with regards to the poor state of the economy is Christmas. Thank God for Christmas. The spending that will hopefully take place during the Holiday Season, may get us over the hump until the new administration can take office. Those of you who do not believe in Christmas are certainly entitled to your beliefs, as we live in a free country, and people can believe as they wish. But this year, it is not just a matter of religious beliefs, it is a matter of economic survival.
This Christmas, buy an extra gift for someone who has done something special, but who is not expecting to receive a Christmas gift. It does not have to be a big or expensive gift for it to work. We all need to buy a little extra gift for someone who has touched our lives, perhaps during the past year, this Christmas. Our economy needs for people to have confidence in our ability to turn our economy around, but also for us as a nation to show to one another that we have heart.