Saturday, March 21, 2009

Do you understand the economic crisis?

I confess that I don't. Economics was the one subject that flummoxed me in college. I took Econ 101 twice, dropped it once and finally squeaked by with a "C." I could never wrap my head 'round all that "supply and demand," "GDP" and "market" talk. But today, I realize that I can't afford not to "get it"--not with the country in crisis. It is incumbent that every citizen understand how we got here and how we can get out of this mess.

At 4 p.m. EDT, Sunday, March 22, on the next episode of "The Best of What Tami Said," we're talking economics--or namely economic crisis. I'll be joined by Pamela Kemp of Pam's Coffee Conversation, who has been studying the economy as a layperson for five years and covering the current turmoil on her blog, and Alan Silberberg, CEO of You2gov, a political social networking site that helps citizens to become more powerful, more informed, and more able to influence government decisions that affect them.

Listen live and join the chat room.

Let us hear your voice by calling (646) 716-4672.


Renee said...

I am very much looking forward to listening to your show. We all could learn more about economics. People have a tendency to put their heads in the sand and hide from creditors rather than deal with situation at hand.

jamaise said...

I do know that we as Americans don't feel this crisis like people did in past crisis.
We go about our daily lives. We get our nails done, leave our porch lights on all night. We don't know the meaning of ration - like they did in the Great Depression. That is why we got into this mess - we as a culture have an attitude of entitlement & comfort. We'll never truly feel the severity of it.

jamaise said...

I would also like to invite you Tami, and any of your readers who might be interested - to my Obama prize giveaway. It includes a cute bag made from Kenyan material showing Obama's likeness, a letter press notbook with Obama's likeness, and an Obama tee shirt.
I really think the world of these companies that sponsored this giveaway and am trying my best to get their products into the minds of people.
Please stop by Wishing Penny :)

Lady C said...

I will be there in real time today.

I got rid of all of my credit cards about 5 years ago after watching Dave Ramsey. I'm a late bloomer when it comes to most things in my life, and being thrifty is one of those things. I realized that if I cannot buy it out right and I don't want to save for it, I don't need it. That is my philosophy, and it seems to be working for me so far.

Anonymous said...

Even today, when I talk to women, they say things like, "Oh, I'm not good at math, my husband handles all the finances." That's right, women are still saying things like this.

I believe we have a real crisis in finance among women who refuse to study this, seem to not want to do the work of crunching the numbers, and give me a blank look when I say "I hate shopping."

Go to any large department store and take a look at the make-up counters, and start adding up the prices of that mask producing cancer causing stuff. Why do women buy this stuff when they haven't even started a retirement account at work?

Women have to take a hard look at the numbers, because women are still underpaid. Now why are women underpaid? Well, it starts with, "I'm not good at math."

Women out in blogland, get yourself a calculator, and take math seriously. ASK for a pay raise this week. Look at jobs that pay well or that have higher income potential, and stay away from work that doesn't pay well. That means NO MORE Masters Degrees in Social Work!!

As for this crisis, it's been out there for a very long time. It started as women waited 10 years longer than the average man to get started in planning for retirement. It began the day women married and abdicated financial responsibility.

It's why Suze Orman, in her annoying hectoring style, has to BEG women to open a damned savings account in their own names! A damn savings account!!

Tami said...

You are absolutely right, Anon. Women are socialized NOT to pay attention to finance and economy--things are that are so important.

I do want to make clear that I am GOOD at math. And I do the family finances. It's just Economics that I struggle with. But I realize that, struggle or no, I've GOT to get it.


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