SOMEONE has to be making money…

An economic recession is difficult on a personal level. I know several people who are looking for work right now, and still more who are worried about whether their job – or even their entire company – will exist next week.

That said, slow economic times provide a chance to make needed corrections. In his pro-stimulus stand up act at last week’s Democrat retreat, President Obama mentioned our economy losing trillions in demand. The stimulus, he said, is a way to artificially create demand.

There are, however, industries which are growing by leaps and bounds. Aging baby boomers are making assisted living and home health care major growth industries. Demand for office administrative services is growing – probably because top-heavy companies are recognizing that two or more cheap, administrative-level workers get more work done than an expensive partner-level executive. Outplacement firms are booming, helping laid-off workers with career changes.

I’ve worked at a company that went through what was called a “right-sizing” – and while some employees saw that term as a euphemism for down-sizing, it seemed appropriate to me. Tough times force belt-tightening and discipline – whether in personal finances or a national economy. It promotes efficiency. And the industries that thrive are usually stronger because they find demand that transcends the difficult times – versus boom industries, like late-1990’s dot-coms or mid 2000s real estate, that are based on people gambling to make a quick buck.

I drive less now than I did a year ago. The $4/gallon gas prices this summer led me to be more economical, and now I fill my gas tank usually about twice a month and no more. Similarly, I spend money a lot more intelligently now than I did four or five years ago with the knowledge that, even if I don’t get laid off, raises and bonuses that I was used to in the past may not be available now – realities also make me work harder and strive to expand my job-related knowledge.

As I work with fellow conservative activists to build new organizations, we realize that we cannot rely on an influx of donations to help fund our efforts so we must be streamlined and put an emphasis on providing a deliverable service to potential donors.

Tough times are leading to the development of good habits for me. Hopefully the same will be true nationally.

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Economic Policy presented by the Kids in the Hall

With all the talk about the stimulus package this week, I thought it might be useful to review some basic concepts of government intervention in the economy.

First off, government spending programs are frequently wasteful – Canadian broadcasting, for instance, is all publicly funded:

Second, handout programs may seem helpful to some people, but may have different consequences for others:

Finally, it’s nice to have outside-the-box thinking when dealing with problems, but eventually the bills will come due:

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Thanks, Washington!

Recent comments on the economy have shown just how much confidence we can place in our representatives. There are lots of companies out there that are failing or in debt because of irresponsible spending. Now that those companies are being supported by the taxpayers, President Obama and his pals are setting strict regulations – for instance, the people who caused this mess aren’t allowed to give themselves raises. And they’ve come out strongly against those fancy “retreats” that are really just subsidized vacations.

It’s good to see that folks with business sense are making decisions on the economic recovery.

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Garth, do you smell bacon?

In order to beg for a piece of the stimulus pie, the U.S. Conference of Mayors released their list of “shovel ready projects” that they feel are good candidates for pork spending with funds from the stimulus package.

StimulusWatch.org is a great way to look at what America’s mayors think is a good idea to spend other people’s tax dollars on. More than a simple listing of projects in the Conference of Mayors report, Stimulus Watch is a wiki that allows citizen involvement – you can vote whether a project is necessary or not, list points for and against it, and make comments.

It seems to be working. Users are leaving comments and actually discussing the reasons for and against many of the projects. And while there are a few proposals which are drawing positive support, most are getting voted down. Citizens are also giving a bit of valuable: in response to a $3.5 million plan to refurbish the sidewalks in Old Town Alexandria, Va., one resident reveals that the city already makes regular repairs.

As Ars Technica notes, by opening the process up with a wiki-style interface, Stimulus Watch is light years ahead of the Obama Administration’s definition of “transparency.”

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