If you are old enough to read this then you probably have been let down at least once in your life, but is it the persons fault who let you down or your fault for having to high of standards. So learn, why wait for someone to let you down? Why don't we make it are responsibility to stimulate the economy? Why don't we just stop shifting the blame on to one man when the millions or billions of people who make up the responsibly. On top of that, think about this, if there are millions of people that make up the economy would it not be easier for millions to fix a money issue or would it be easier if it was only one person fixing the money issue?
It is the consumer's responsibility to contribute whatever they can to the economy. For some this simply means buying the essentials like groceries. For those better off, they can take advantage of the downturn in the economy by buying a house, car, or other large-ticket item. However, the first priority of any individual should be themselves, and not the country.
As can be seen from the examples of past recessions and depressions, when consumers get scared by financial downturn and withdraw their money for savings, it only makes the situation worse. Stimulating the economy cannot be done solely by government bailouts or the actions of a few people, but must be accomplished through the actions of all consumers acting together.
Individuals cannot just spend for spending's sake. Business is ultimately responsible for providing the right products at the right prices to stimulate consumers wants and needs, and increase buying. A down-turned economy increases the need of basic products, while decreasing the need for luxury products. Luxury product developers need to find middle grounds by which to provide consumers with choices that they can afford, as well as want or need. Consumers have less money to spend, so spending more will only increase individual debt, foreclosures, etc.
American consumers need to let loose a bit with their money. This will help the economy by allowing people to stay in business, allowing them to pay their employees. The country needs an influx of cash to stimulate the economy in order for economic conditions to improve here. This might be hard for some people to accept when things appear so grim. They want to hold on to their money to be safe, but really this is detrimental to the overall economy in the country.
No, it is not the US consumers' responsibility to spend money to stimulate the economy and help it recovery from the financial meltdown, because we are not the ones who caused the meltdown in the first place. The meltdown was caused by the laws put in place by aristocrats. If they would fix the laws, spending would develop again on its own
This nation needs to learn to deal with money better from the government to the consumer. It is everyone's obligation to be much more responsible and attentive to money matters. Our debt problem is not a "presidential" problem, it is an American lifestyle problem. It is a very true result of how we are failing as a nation to manage ourselves. We worship credit like crack heads worship their drug and so we suffer in the same exact matter: always deprived.
I am against encouraging U.S. consumers to spend more money to stimulate the economy. The best way to stimulate the economy is to put people back to work, not to push those with jobs to spend more and take on more debt. One positive aspect of the recession has been increased saving by Americans.
Most financial problems come from government budget control and how it fails to do so; blaming it on the consumers is both unethical and tyrannical.
Right now, people in the US are experiencing higher prices, lower wages, and devaluing of their assets. Many people are also in debt from student loans, credit cards, and unemployment. Due to this, the American people cannot be expected to have the necessary funds to stimulate growth in the economy. These people have a responsibility to try and get out of debt instead of do more spending. If the government expects the American people to stimulate the economy, then it needs to find ways to bring job back to the US, not spend over $3.5 trillion dollars in a year, and find a way to get itself out of debt to inspire everyday people to do the same. Also, if businesses expect the people to spend, then they should lower prices and quit making extreme profits off of buyers.
It is most definitely not the responsibility of the US consumer to stimulate the economy. With the unemployment rate at 9 percent, how can the average person spend on something extra? In face the consumer is looking for ways to save money. The price of food and gas have increased, so as of right now most families are holding off on any luxuries.
U.S. consumers should first and foremost think of themselves and be sure to have a way to secure their family's financial security, before thinking of others. If they will not think of themselves, no one will. It is the government's role to help us recover from the financial meltdown in a proper way. The government should be able to find a way for citizens to obtain additional spending money to allow additional spending. Instead, our current government is doing the opposite.
I oppose that it is the consumers' responsibility to stimulate the economy when it is the government that put us in this situation. It is not the consumers' responsibility to stimulate the economy because, first of all, we are the ones getting the short end of the stick, by paying more taxes with prices rising. Meanwhile, the government is just enacting stimulus plans that don't even really help the middle class to come out of this deficit.
If consumers spend their money, how are they personally going to recover? Its a terrible situation, because it is very give and take. However, spending hard earned dollars will not help those who personally are facing problems because of the economies downfall.
The average consumer was affected by the economy greatly. They probably do not have as much money to spend as they did before. To put the pressure on the consumer to stimulate the economy is wrong and irresponsible. The consumers were not the ones to cause the collapse; it was corporate greed. Therefore corporations and wall street CEO's should be the one to fix it. You can't tell the average American how and how much to spend. They can do whatever they want with their hard earned money.