Soon it will be Christmas and all thru the land not an economist was stirred by all the hype that was pumped into our materialistic society. Forecast after forecast proved futile in their attempt to sway a public to spend more with less. With disposable incomes at record lows have left the door open for an awful lot of people to go deeper in debt. With credit so tight for too many people even if they wanted to use this time of year to defray costs of the gifts with those high end interest credit cards they are denied the credit. One of the biggest reasons has to do with the shrinking disposable incomes. When so many are forced to rob Peter to pay Paul they in turn many times fall behind on payments like to a utility company. That late payment drops their credit score by more the 100 points. That means they will be denied credit for a credit card, being able to rent an apartment and even worse are denied a job just because today so many jobs require a high credit score just to qualify to be hired. The cards are already stacked against them.
Today, what has occurred is that our leaders of state and commerce really haven't been focused on the root causes of so much inequality and authentic lack of economic stimulus. An undercurrent of dismal economic movement has continued to thwart the ability of millions of Americas the opportunities that would authentically grow the economy has prevailed for far too long. But, too often it is these same most astute "Wizards" of high finance in state houses and Congress that keep ignoring the warning signs that our whole economy and financial structure is nothing more than a house of cards. Is it any wonder what should be the busiest shopping time of the year has turned out not to be? Let's look at the hard cold facts.
When so many Americans have so little disposable incomes any chance of an economic surge especially at this time of year won't happen regardless of the hype by the media. It is our most trusted, most benevolent leaders of state that keep forgetting the basic rule of positive economic activity, "The Williams Theory of Economic Evolution." When only 1% of the population have large enough disposable incomes to spend they can't stimulate enough of the economy to the point that it grows.
There has been a growing disparity in our society today that has totally thrown the balance way out of proportion. It is that imbalance now that makes it impossible for the United States economy to fully recover. We can see the results today with the latest consumer reports coming in. This holiday season has turned out to be one of the worst showings of economic activity in years. And, yet a pervasive attitude persists in Washington that all is well.
It should come as no surprise either that charitable giving has withered just like on that the vine of lost opportunities. It is that vine of lost opportunities that has been costing Americans their livelihoods and it has only continued to wither for too many years. It is as though the ones with the disposable incomes that could give a helping hand really look the other way, are oblivious to the plight of so many in need, or just don't care. Sure, many they say they give a percentage of their income to charity. But, the sad truth of the matter is that food banks and other organizations that help the poor have seen donations drop on a steady pace over the last few years. A sad commentary for the times just when our most benevolent benefactors of state keep cutting those safety nets that keep so many millions of Americas for falling into that financial and economic abyss. An abyss that they will never be able to climb back out of.
You can see the affects of so much plight in every city and down. Everywhere on too many street corners there are those with self made signs literally are crying out for any help all the while unsympathetic motorists just wiz by. We continue to see homeless people stranded sleeping on benches. In shelters where there is no more room keep turning away multitudes that are now left out in the cold. We see it everyday. Everywhere we turn people crying out for help but for the powers that be it is just another day in paradise.
The enormity of so many hungry children, homeless families even when many are working keep finding it impossible to keep the wolfs at bay have made the landscape of America that much darker. Clouds of uncertainty hang heavy this time of year. It is this time of year when joy and rejoicing should prevail. But, for millions not only here in the US but all around the world continue to face darker times in their roads ahead. It really doesn't have to be this way at all. Attitudes have to change and for the powers that be who continue to be oblivious to all this misery and woe have it within their grasp to secure brighter days ahead for all.
In Charles Dickens A Christmas Carol it was in Ebenezer Scrooge's awakening that he comes to realize the mistakes of his past and sets out to change the direction of his life. In doing so he not only saves himself but manages to improve everyone else's life as well. We would be wise to use this type of analogy today. Our government and corporate America have become the modern day equivalent of Scrooge himself. Questions keep surfacing. Will they awake in time to save themselves and the United States with it? Or will the status-quo divide a nation to the point of no return? Two most sobering questions to be sure.