A post I read only minutes ago over at Mississippi Redneck fueled this thought process.

It seems like ever since the subprime meltdown a few months ago, the feds have been doing whatever they can to try to get the economy back on track. The biggest thought in my mind though is - were we really off?  Sure there are a high number of people in default on their home-loans due to Adjustable Rate Mortgages turning into a nightmare on them, but how much of our economic concerns are because of that, and how much are because of all the publicity about it and our media putting consumers into a frenzy?

The feds dropped have continuously dropped rates and while it sparks some immediate economic relief, what does it do for the long haul? Not much really. When feds drop rates, it could take months for it to trickle down to the consumer - unless you are buying in enough quantity to borrow direct

It seems that many times our federal government takes the American people for granted. They underestimate our intelligence and think by dropping the rates and saying “look at what we are doing for you” is the best answer. Cutting rates is not going to get the big money rolling again. In my opinion, I think the best thing would be to ignore the feds rate cutting, ignore the media when they tell you how “bad” our economy is, and just go out and buy stuff!

You heard me right. Take your “all-access” pass and stop hoarding your money. If you want it, and you have the money, go out and buy it. The only way for us to avert an economic crisis is for the general public to start spending money. Because of the media, we have been hoarding our money, afraid to buy anything, for fear of a recession or depression. The only way to fuel a healthy economy is to go out and spend money. The economy is not fueled by the feds or large corporations - it is fueled by you - the average consumer!

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