Why Saving is SAVING the economy-VIDEO

This post is in response to money.cnn.com's article titled:
Why saving is killing the economy

RANT Part #2



It makes me furious to think the media and government are giving the consumers heck for saving their money and paying down credit.
Let's get something straight.. retailers are there to service consumers. It's not the other way around.

IMPORTANT: RETAILERS ARE IN BUSINESS TO SERVICE CONSUMERS
Retailers are in business to service the consumer. If retailers declare bankruptcy because of a bad economy, that's their fault... not the consumers. Retailers had ample time and sales to put away cash reserves for themselves to weather a bad economy.

I want to publicly strongly disagree with media and government who are encouraging consumers to spend their money.

I'm encouraging people to become financially healthy again. Save your money, and pay down credit.. FOR AS LONG AS IT TAKES.

Don't get bullied into thinking that it's the consumers responsibility to uphold the economy by spending every last cent they've got.

I want to congratulate all of the people who are saving there money and paying down credit during this economic crisis. I think you'll be much better off for doing that.


I also posted my reply on lthe cnn's talk back blog.

This is my reply on CNN