Is anyone holding off with more expensive purchases? (vote, president, Obama)
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I went to get my car inspected at the end of last month. While I was waiting the car salesman came in the office and recognized me. Of course he got around to asking me if I was ready to buy a car to which I replied no, at least not until the election was over. He asked why is that? to which I replied if Obama gets re-elected I will push my car until it will not go anymore.
There are other things I am holding off on too. Is there anyone else holding off on expensive purchases?
I just bought a new Honda, made in Ohio. My wife wants a 2nd refrigerator for the basement we finished over the summer to go next to the new washer and dryer.
You know what's going to get the economy going? People spending, creating demand, creating jobs, creating business opportunities, creating wealth. Whoever wins the election will have a negligible effect on the economy. Thank God all the real decisions are in the hands of the Federal Reserve, not elected politicians. You know what WON'T get the economy going? Whiny crybabies who believe the President has a magic wand and make everything all better.
So you can keep pushing your beater while wallowing in bitterness, the rest of us will improve our lives no matter who's in the Whitehouse.
The reason being, I actually understand how the economy functions, and I know that the short-to-medium term fundamentals of the economy are locked in regardless of who wins the election, and that even the long-term fundamentals of the economy will only vary mildly depending on whether President Obama or Governor Romney wins.
Specifically, I've just booked a family vacation (including deposits) and spent $1000 on a television.
Your economic literacy appears to be roughly on par with your geographic literacy.
We run our cars till the wheels fall off but you know what we get from point A to point B just like your 40 to 50 thousand dollar car. We are buying a good generator real soon, I do not know if 600 bucks is a big ticket item.
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