Tuesday, April 14, 2009

New Mantra for the Economy: Save and Invest

Save and invest..Is that the New Obama Mantra?

"We cannot rebuild this economy on the same pile of sand," he said, invoking a Biblical reference to Jesus' Sermon on the Mount. "We must build our house upon a rock. We must lay a new foundation for growth and prosperity a foundation that will move us from an era of borrow and spend to one where we save and invest, where we consume less at home and send more exports abroad."

Is this going to be a radical change from the consumerism the country has always preached and practiced? Would this be a sustainable model for future growth? Lets see.

http://news.yahoo.com/s/ap/20090414/ap_on_go_pr_wh/obama_economy