Circulate the Cash (3/3/09)
A viewer phoned in and said, "Last week you told us to go buy a car. This week you want us to get tickets to the Orchestra. Don't you get it? We're in a recession."
Believe me, I do get it. If you really are struggling just to pay for the necessities, you should be frugal with your money.
On the other hand, there are still a lot of people out there who do have disposable income, but right now, it's "scared" money. Because of uncertainty about the future, these people are suddenly afraid to buy anything - even if they need it and can easily afford it. And ironically, it's their reluctance to spend that only adds to the overall uncertainty that scares them so much.
As a society, we can't afford to let all our money just sit on the sidelines. Our economy will only recover when people are willing to put it in play.
The only point I was trying to make is that if you want to treat yourself to an Orchestra performance, seats are available and ticket prices are low. If you do have available means, and you do have a need, this may be the best time we will ever see to buy a car, or a house. Interest rates and prices are low, and incentives are high.
I'm not trying to talk you into spending money you might not have. But I am trying to be as positive as possible to boost the local economy.
Do you have any better ideas? Call and let us know.
I'm Bill Lamb, and that's my...Point of View.