Archive for December, 2010

The Beat Goes On

Wednesday, December 8th, 2010

The beat goes on.

By now, you’ve probably heard that President Obama is going to support an extension of the tax credit in exchange for Republican support for unemployment benefit extensions. You’ve probably also heard the Democratic grumbling about the President’s decision. The point is not which party you support but the bi-partisan negotiations and discussion that are necessary for a successful economic recovery. Just as Americans have different views and opinions; it’s OK for the politicians that we elect to have differing opinions. The point is that no one gets everything that they want; we all have to give-and-take a little. Unfortunately, many of the politicians still don’t get it.

We acknowledge trouble in European economies, we watch the legislative stalemates, and we are bombarded with the latest inanities of pseudo-celebrities. Yet, retail sales are up, housing is slowly recovering, car sales are surprisingly strong, luxury goods are doing well, and more jobs are being created. I was in Macy’s on Monday at 2:00 PM and had to wait for 10 minutes to check out. The customers were friendly and in the holiday spirit. Most of all, the customers were spending money. The economic improvement may not be as fast as we would like but there is no switch or magic pill that will provide instant results. It will take time. You need to stand back and look at the bigger picture – the trend. Overall, the recovery is moving from “slow” to a slightly higher speed. Things aren’t great, but they are getting better. The best way to escape the “economic pessimism” is to refuse to be a party to it – don’t listen to it. Remember that the doom and gloom news is what gets viewers to watch the news. Look for the opportunities, and orient your personal and professional endeavors around them. And if professional “victims” want to sing the blues, allow them to sing solo.

Enjoy the holidays and choose to be part of the economic recovery!