We made it into Town this morning, for some errands I'd been glibly looking forward to all week. And while we woke to barely a skiff of snow, the closer we got to town, the more of it there was. They're calling for more, possibly. But at least I now have 50 lbs of oatmeal (for $30! That used to cost me $16, maybe) and enough fabric to keep busy until Christmas. I struck out on what I wanted most to find... Last year I found some nice quilter's premium cotton which is so lovely, and I hoped to find more. But either they're not discounting/clearancing such fabric any more, or it sells out at regular prices, because there was none to be found. I did find a few nice pieces, some buttons, and a couple patterns, though. We went to the home improvement warehouse and Hubby bought the parts to make me a fantastic and wondrous thing - I'll tell more about it later. In between searching for parking spaces and taking turns waiting in the car, I heard a lot of this week's talk-radio reruns, and I'm perplexed by something...
There's so much talk about the financial problems, the credit crunch, the world bank issues, and how 'commercial paper' has stopped flowing. And all of this is dire because everything runs on this stuff. Without credit no one buys cars, and the car dealer will go out of business. Without commercial paper businesses can't make payroll and farmers can't buy seed. And we won't even bring up the housing market.
Now, maybe this has been said before, but it seems like they're NOT talking about something pretty obvious. And that is, maybe an economy built on credit (and therefore debt) isn't very sound to start with. Maybe we need to pull back and take a closer look. Instead of blaming the now-limited 'commercial paper,' maybe the real problem is that businesses should manage (real, actual) money better. Maybe we should buy cars when we can afford them. Is this such a wild notion that it doesn't even hit the radar of the media? I don't have a problem living my life far more restrictively than others. I know people who make as much (or more) money as we, and are in debt enough to drown themselves (I know because their creditors call us, somehow!). Now, they're not living in fancy neighborhoods, but they're overstretched somewhere. Most people would advise people like this to 'stop buying on credit' and 'live within their means.' Does that sound radical? I don't think so. But expecting business (and government!) to do this isn't even an option.
And I'm afraid, like the families who think paying cash for a vehicle 'isn't even an option,' this economy will continue to struggle until we start building a new 'normal.'