
What are Americans to do now? Our economy is a falling bowling ball with a lead parachute. Luckily it is rallying right now, but it is mid day and a lot can happen in the next few hours.
The question is what can we Americans do? What does this bad economy mean for us? Well, I can tell you that I have already felt the effects.
I used to have my own business. I was a book hunter I would find cheap books and sell them for a higher profit. Surprisingly it was good money. I was making enough money to pay the bills and also have some money to burn, yet I noticed that my profits where shrinking. I was not selling enough books, so I did what any business would do. I lowered my prices in hope that it would pick up sales, yet it did nothing to increase sales. I then offered bulk purchases, where a person could buy ten to fifty books for twenty-five dollars. That fell through too.
I fought long and hard to keep this business live. I cut back on most of my luxuries that I was use too. In the last couple of months before the end happened. I had a Spartan existence, yet this did not stop the inventible. Finally, after fighting to keep my American dream alive, my business and I sank beneath the waves.
Who should I blame for this failure? The economy started to go sour a few months ago and gas prices caused people to spend less. Should I blame the market/economy? I could blame President Bush and the Republicans and their wasteful spending, or the Democrats and Barack Obama and their wasteful spending. Maybe I can blame this 700billion dollar bailout for Wall Street, but I now who is really at fault. Me.
It isn’t the government’s fault, or Republicans, or the Democrats. It isn’t the free-market or Wall Street. It was my own fault. See, in a free-market like ours, ups and downs are a fact of life. I took a risk and started a business. I knew that I could fail, but I went ahead anyways. I had a dream and I went for it. I failed, but I was thankful that I did (but it did hurt). When my business went under it was an example of a free-market. I was out competed by other businesses. The other businesses had lower prices or better products, and I just couldn’t compete with that. I was upset but now I feel that I did something. I took a risk, and I failed but that doesn’t mean I’ll never try again.
The Free-Market rewards ingenuity, innovation, and hard work. The market punishes those who become to complacent, rigid, or lazy. I became lazy and complacent. I believed that my profits wouldn’t shrink, and I see how wrong I was.
You reading this post may have read my previous ones and just think I am some right wing nut job. Or as one person said: “An inarticulate spin doctor. Who is the reason why the nation is at war with itself.”
But let me give some advice how to save our economy, with no political spin. Innovate, and work hard. If you have an invention or an idea for a new business, run with it. Sure there is a chance for failure, you might lose everything, but you’ll never know unless you try. I tried and I failed miserably, yet I would start another business tomorrow if I had the capital. Remember, it was the small business owners that are the back bone for our country. It is people that decided to risk it all for one shot be their own boss. All major corporations where, at one time, just a small company that grew into a large enterprise.
Our economy will be saved by people who are willing to risk it all. The question is, are you willing to risk it all?