Rebuilding

In the upcoming months what will it take to rebuild?

Once the businesses start to fully open, we will have to go out and support the businesses in our local economy. The support we give by spending our dollars in these businesses will open the opportunity for employees to come back to work, for vendors to start selling and delivering supplies. This action will have a ripple effect. Our time out spending will greatly affect our nation's economy. 

Next, I believe it is important to buy American, buy the products made in the USA and again the effect - employment opportunities and the economy grows in our own country. We should be able to support ourselves as a nation and not depend on another county for products that could easily be produced here.

The Usual Business

           

Continuing with the pandemic posts

Next, How will this affect the economy of the United States and World?

First allow me to give a disclaimer I am not an economist 😄 
this is just my opinion like everything else in this blog.

The economy has clearly tanked unemployment is on the rise. Businesses are closing. As grim as this sounds, I believe we will rebound. How? one thing that will happen is people will come out of their home to spend money. Six weeks of not going to restaurants, shopping in the local mall, and the list could go on.... 

I have seen some of the local favorite restaurants in a semi-open carry out only. Once the stay at home order is lifted these places will be pack with people spending money. The result, employees back to work, the vendor's delivering supplies making sales, the farmers who sell to the vendors back to work in the fields.  And the heartbeat of the economy starts to beating again. We will survives this, it might take awhile but we will be stronger and thriving again.   

The Cost?

The day after Thanksgiving or as most know it as black Friday.

I really don't care for the sales and all the craziness that comes with the madness of the stores opening the doors and people fighting through the crowd to get to the best deals.

It is amazing how businesses can mark down a product 50% or 75% and still make a considerable profit. I often wonder how much a product really cost. What is the actual markup on these black Friday sale items?

Nevertheless, this is capitalism at its best. I hope that one day manufacturing will come back to the United States and consumers buying products today would actually create more jobs.  

So, the next time you are out looking for a sale check to see where it was made. When you buy a product made in another country think about it as taking someone's job.

Buy American.