The bailing out of financial corporations has worked to preserve the system. Change is inevitable, whether it is good or bad. This time, change has beengood. Very soon, there will be more hiring and less layoffs. I was watching CNBC in early 2007 when I believed that mainstreet was going way down. I started to save money, and stop hyper-consuming. First Wall Street had a steep decline, and the only people that talked about recession was CNBC. The facts have changed since 2007. It was very hard for me to change my thinking. In 2010, the only people talking about recovery and hiring is CNBC, and they seem to be right.

Government tax credits helped spur a housing recovery, up 26% in March year over year. And the bailout estimate of the financial system is only 87 billion dollars compare to an earlier estimate of 500 billion dollars. Many people do not believe that massive hiring by private companies is right around the corner. I believe it is, and the stock market has already priced it in. The stock market seems to be coming back. Markets are stabilizing.

Thus while things are doing better, we can expect that capitalism will be around for a very long time. In the next few years we will see many more innovations from companies. The recession essentially has made innovation increase because companies are just trying to survive. We will soon see our lives change because of this recession, for the better.

Just because the stock market is up, and you might be hired for a better job, does not not give you an excuse to spend your whole paycheck. We never know when the next recession spurred on by corporations or consumers will be. It could be next year, 2 years, 3 years, or so forth. There was a recession in 2001, and then one in 2008-2009. That was only 7 years of boom years.

To my readers: save each month, do not spend outrageously, enjoy your time with family and friends without breaking the bank. That way you will know you have some money in the bank to survive unemployment.

Of course if everybody does this then the economy will get worse. The economy is 70% consumers. Especially for young people like myself, nobody knows when the next layoff or recession will be. Better to save so you will survive in your house rather than relying on family or friends or worse, on the streets.

Do not fret, hiring is right around the corner. The government bailing everything out has preserved the system. You may need to change your thinking before its too late.

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