Spend it to end it~ Aaron and Joseph

The economic system we have impacts our choices

The economy makes choices, which we adapt to in good and bad ways. We think that when the government makes a decision, like the increase on products, we react to it be making the demand for that product lower. Another example to that is if a good like gasoline is high, it is obvious people will not buy to much of it. That is one choice and another would be using different types of transportation like maybe a bike or walking. The government impacts our choices also by limiting them. Like if we wanted to go outside without any clothes on, that is a choice. The thing is, that the government says that we can't do that and that is a limit to our choices and freedom we have here in this country.

People are making all kinds of different choices because of the economic crisis and those choices are impacting the economy. An perfect example is the oil prices. Everyone knew the prices were high and many people made the choice to cut back on oil. That choice made an impact on the economy. Price of oil tumbled down to below fifty dollars a barrel.

The single most powerful solution continued

The oil price going down is another reason for our solution. If people start buying the oil when the price is down those people who buy it will have oil that does not cost too much money and the manufacturers of oil will have money. That money can then be used to hire people who have no jobs. This all connects with all the reasons that have already been said. The choices we have made impacts our economy like how the economy impacts our choices. The choice everyone must make now is to spend it will solve the problems that are happening right now. Problems like the economic slow-down, the high unemployment rate, the producers not having money. Spending is the solution. The programs helping the jobless, government giving stimulus checks, and the bailouts are not going to work if the people who have money saved don't spend.




This chart shows how much people buy for themselves for the last couple of years. In the earlier years peolple were not afraid to spend. Probably because they knew the economy was relatively good. They felt they did not need to save too much money, they felt safe in the current economy. That has changed since then. More people began saving because they no longer felt it was safe to spend too much money. That needs to change now. We need to start feeling safe in our economy and our economic problem will be solved easily. We need to spend it to end it.