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To: Dale Baker who wrote (70975)	1/9/2009 8:46:22 AM
From: Paul Smith	Read Replies (1) \| Respond to of 118717

But I don't think we can rely just on spending at the mall now. Part of the reduced spending at the mall is being (or will be) replaced by more aggressive spending by the government. I am not commenting on whether that is good or will work, just that the spending gap is partly being filled by the government.

To: Dale Baker who wrote (70975)	1/9/2009 8:46:35 AM
From: Paul Kern	Read Replies (1) \| Respond to of 118717

the talking heads all moan because we are afraid to spend. Over the long hall this is good. We will stop spending money that we don't have and savings become money that banks can loan at about an 8-1 ratio putting real liquidity, not borrowings from the government, to work in the economy.

To: Dale Baker who wrote (70975)	1/9/2009 8:58:35 AM
From: Robohogs	Read Replies (2) \| Respond to of 118717

I just wish the govt would ackowledge this and not try to reignite the credit and spending economy. Tax cuts and other non-infra projects are a waste to my mind. Jon

To: Dale Baker who wrote (70975)	1/9/2009 9:16:59 AM
From: Provider	Read Replies (1) \| Respond to of 118717

"the talking heads all moan because we are afraid to spend. Savings are a menace?" Talking heads are just that, talking not thinking. There purpose seems to be to hear themselves speak. It does not matter if what they say is correct or not. After all of this mess in the last year, I have found very few talking heads that are worth the time it takes to listen to them. Provider

To: Dale Baker who wrote (70975)	1/9/2009 9:48:09 AM
From: Sober	Respond to of 118717

I wonder if these forces will create a new "hippie" attitude, maybe even more extreme in some ways. I remember that during the 60s, we were proud to wear old, faded (prior to prefaded jeans) personalized (with designs, beads, etc) clothing, and we drove economical vw mini busses and other sports cars rather than corvettes or other luxury cars. The courage to shun convention and resist advertising aimed at the planned obsolescence of that age resulted in an attitude that could support not having the latest expensive stuff. Maybe there will be an anti-tech backlash coming, or some kind of new version of cacooning. There would have to be some public visible symbol of a new attitude of "make due", such as long hair was to hippies, that the future conservativist could exhibit. Maybe it would be some sort of badge of membership in a new agreeded upon healthy life style (a green headband, a new peace symbol that talks about conservation instead of anti war, a dollar sign altered to suggest we save it instead of spend it.. like a dollar sign with wings, but inside a bird cage. I do agree with an earlier comment you made, that we can do quite well for a year or two with what we currently possess; such as computers, cell phones, autos, appliances, tv, dvd (who needs blue ray). All our needs are sufficiently met at the moment and other than the true necessities, I think most folks could go a long time without buying much of anything. However, the desire to shop is deep seated in many people. It is almost as comforting as eating for comfort. Sober