Aug 17, 2009
Did you hear, it’s our fault if the recovery is lagging? There was a drop in consumer confidence at the end of July. And retail stores already announced they expect a drop in back-to-school sales this August and September compared with previous years.
Yes, those media mouthpieces suggest that we are to blame, we the consumers, who have lost confidence.
Our fault? Our fault that so many of us are laid off? Our fault that some of us have lost or may lose our houses? Our fault when unemployment benefits reach less than half of those who are unemployed? Our fault that we feel we have to pinch pennies?
Did we hold onto money that somehow prevented the economy from recovering? Of course not. The banks did. We, the working people, are broke.
Those people who laid us off and cut our wages are the ones responsible. Let them be the ones who pay for the crisis.