IBJOpinion

Consumer cutbacks may cost us

April 30, 2011
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IBJ Letters To The Editor

I was looking over IBJ today, and I thought to myself, I find all of this depressing, and I was about to set it aside and take it up again later. Then I came to [Bruce Hetrick’s April 25] article, and I realized there was somebody with some sanity in this world.

I live in the old Northside and often go to McDonald’s at 16th andMeridian. It is an eye-opener. I guess my greatest fear is that the economy will fall into another recession just as it is coming out of this one if there is not enough stimulus by the government. The rise in gas prices acts like a tax on the consumer, and if prices continue to rise, the consumer is likely to cut back. This scenario could well happen with the instability in the Middle East.

These cutbacks will cost us dearly in the long run, and they might put us back where we were a couple of years ago as to the stock market and economy.

____________

Frank Prickett  

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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