Stop the Calls for Consumer Spending Stimulus Packages

Stimulus Talk – The Sequel 

The politicians are at it again.  Apparently forgetting the complete failure of this past summer’s “stimulus” program, our fearless leaders are determined to put even more of our tax dollars in the hands of even more consumers, so that they can promptly spend it.  Economic genius Nancy Pelosi and her friends have designed a new middle class “stimulus” plan to do just that.  This is populist craziness because it ignores the economic data showing that excessive consumer spending is what got us into this mess to begin with. Read more

How to Maintain Optimism in Tough Economic Times

Yesterday Mr. ToughMoneyLove suggested that ordinary Americans protest the credit and market meltdowns by burning their credit cards.  Expressing your anger is helpful when channeled in a symbolic way. 

But do not let your anger morph into feelings of hopelessness, helplessness and resignation.  You can’t afford it.  You must fight back.  Read more

Recession Confirmed? The Worst News Yet

Mr. ToughMoneyLove is all about the hard truth.  Lately, most of the truth about our economy comes from actual data and data trends.  That truth has indeed been hard to take. Read more