Consumer cutbacks may cost us

Keywords Opinion

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  

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.