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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