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Posts by Day: Wednesday, April 30, 2008

Poor Economy's Effects on Family

There is little to cheer about regarding the economy's performance in 2008's first quarter.  Economists say that the economy actually grew by 0.6%.  Most economists say that we're actually in the stages of a recession.  I'm sure that we'll hear more about this situation in the coming days and weeks.
 
We're paying $75 for a tank of gas and nearly $200 every week for groceries.  Neither of us gets a raise in pay, but we are supposed to take our $1,200 rebate check and spend to help the economy?  I wonder how many of us can afford to spend freely these days.
 
The fact is that we don't have any "extra money".  I consider us very fortunate to be able to meet our bills each month.  There are a lot of people worse off than we are.  Given that assessment, I would like to know how this economy is supposed to shrug off it's downward trend? 
 
I would jump at the chance for my family to have extra cash and go out and pump up the economy with spending for a lot of things!  Trouble is; we're just one of millions of middle class families that are hurting economically a lot worse than anyone in Washington knows about.
 
I wonder who is going to speak for the middle class family?  I wonder where all this money is supposed to come from so that we can simply go out and start spending on ANYTHING?