During Obama’s address to Congress speech, I sat and probably had the look on my face like a deer in headlights and listened as he went on and on about the economy, the ‘spendulus’, and on and on. Then my ears perked up when I heard this part of the speech.
You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education; how stores stock their shelves, farms buy equipment, and businesses make payroll.
I was especially focused on the part where he said, “the flow of credit is the lifeblood of our economy.”
Many of us fell into what I like to call ‘The American Sense of Entitlement and Envy’. We felt inadequate. We were told this almost daily through commercialism. Isn’t Envy one of the seven deadly sins? Anyhow. We saw our family, friends and neighbors were taking that dream vacation, or they were driving a spiffy new car, watching a big screen TV, buying only the best clothing, living in a beautiful, spacious homes, dining in fine restaurants,…In other words, they were living large. We wondered why we couldn’t do what they were doing and how in the world could they do and buy all those things. We now know that it was all done with smoke and mirror-credit.
The era of F. Scott and Zelda Fitzgerald is over. Most of us have crashed.
So from the mouths of our leaders came,”the flow of credit is the lifeblood of our economy” or in the words of George W. Bush after 9/11, “Go shopping, America. Get down to Disney World in Florida,” or something to that effect.
Hey! I got an idea. How about if we Live Simply So Other’s May Simply Live. Is credit really the lifeblood of our country’s economy?
Think The Great Depression.