The news networks should be congratulating the North American people and joyful over the lack of

[RB TexLa]

spending during the holiday season. Rate of savings is around a 40 year low, people keeping their money is a very good thing and more people need to think about the future rather than the present.

[tomreedtoon]

1. News networks were cheering on "Black Friday II."

Namely December 26, when they thought low prices would bring out the shoppers and save the retail industry's lame ass. The shoppers stayed home, nursing their wounds, and most of those retailers will go out of business in January.

There's plenty of blame to go around. Those items being pushed are largely crap. Not just things made out of fine Chinese Melamine, but electronic nonsense like GPS maps that most people don't need, electronic toys that regurgitate pop cultural thought, and video games that let you pretend to play a guitar when you don't have the talent to do anything but push buttons.

And those retailers thought that putting things in fancy upscale stores with decor would help them sell those items at high prices.

And the manufacturers made those things, thinking people would still buy garbage without thinking, even though their jobs were in danger.

And why did the news shows and channels cheer this on? Because those retailers and manufacturers pay their salaries, through the ad time they purchase. If they go down, the TV networks go down.

[RB TexLa]

2. Blame? There's nothing to blame about saving money

[riverdeep]

3. With about 70% of the economy being driven by consumer spending,

it's a lose lose proposition. Spend money you don't have, and get kicked out of your domicile. Save, and people lose their jobs, getting kicked out their domiciles.

It's set up to fail. Clearly, unending economic growth and consumer culture are going to have to be replaced with other things.

[RB TexLa]

4. No, my saving money is a win.

[dysfunctional press]

5. not if the whole house of cards collapses and your money becomes worthless.

nt

[RB TexLa]

6. Well, others can support it for me

:)

One of those things that is for other people to do. Fortunately we are blessed with a large amount of ignorant in our population that will go out and give their money to people.