A Few Thoughts

(cross-posted at Wealth Weekly and Swords Crossed)

8,000 more job cuts were announced as of today. Coupled with Macy's 7,000 cuts yesterday we're up to 15,000 and it's only the third day of February.

- In a not-too-unrelated story, the American savings rate is up to 2.9% of income. Read this article entitled "Americans Saving More, Spending Less" and watch in horror as they tell you why this is a bad thing.

- Dear DC Elites: Pay. Your. #$@%Taxes....and don't wait until you get caught to do so. Signed, The American People.

- And finally, let's try a hypothetical. Imagine that you work for GM or Chrysler, paid hourly on the line. Now when you get home, you check the mail and discover that the Company offers you a $20,000 and BRAND NEW CAR!!! Oh, and you have to quit your job. In this economy. You call your co-workers and discover all the hourlies have been extended the same offer. Would you do it? Ok, now stop imagining and read this.