E Commerce Site States Economy Not Getting Better For Most

While news companies and politicians use catch phrases like 'jobless recovery", history of certain product sales indicate the opposite is true.


Smoke and Mirrors is what a popular adult toys based e commerce site is calling the "jobless recovery" that top level officials and politicians keep pushing on the public. History has shown that during times of economic hardship that buying habits change. People move away from high end entertainment, luxury items and excessive spending in search of cheaper entertainment and things that are more in line with relationship building, family quality and low cost entertainment.

This is the basis of the claims by the leadership of Vibealot.com, and adult toy retailer online. "Sales are going through the roof for us, but some of our friends in the e commerce business selling higher end electronics and other luxury items are not doing so hot" states Angel McEntire, a spokesperson for the Vibealot.com site. "There are precise indicators based on what then public is buying that tells the real story about what is going on in our economy, and our leaders are not being transparent."

In past recessions and depressions in the US, there were certain products and places that received what little money the public had to spend, and what was purchased was things to bring a little fun and relief from the troubles that people were having during the hard times.

Even during hard times, there will always be some businesses that will excel during economic downturns. Mix the right, quality products with great customer service and millions can be made, just as many of out top companies in the US was founded during the recessions and depression of the early 1900's.

Bailed Out Banks Urged To Assist Homeowners by Bridget Toomey

As President Barack Obama and his key advisors consider how to spend the rest of the bailout funds, it is reported that President Obama would like to make sure that the banks that have been bailed out do more to assist in this lending crisis. Obama and new Treasury Secretary Timothy Geithner are trying to take every measure possible to bring both consumer and investor confidence back into the economy.

Banks are being blamed for not doing anything substantial with the funds they have received thus far and many in Washington are still angry with the high bonuses and perks being distributed among the top officials and executives of these corporations.

The real estate industry and especially homeowners are hoping that President Obama will make it compulsory for banks to look at their grievances and assist homeowners with their mortgage situations. Bridget Toomey of the Loan Modification Foundation was quoted as saying "If all banks and mortgage lenders were open to working with homeowners on loan modifications, the foreclosure rates would decrease tremendously and the losses would be minimized for everyone."

Of course she also acknowledges that in the past few months, both banks and mortgage lenders have been more than open to home loan modifications for their customers. A lot of families have been able to save their homes by submitting an application and getting their monthly payment reduced and interest rates modified with the help of a qualified consultant.

Market analysts believe if banks are genuinely pushed by President Obama to work with homeowners to modify loans as a bailout condition, it would help millions of families across the United States while also positively impacting the economy in general.

About the Author
Bridget ToomeyThe Loan Modification Foundation450 N. Brand BlvdSuite 600 Glendale, CA 91203 USA.Phone: 800-780-5109www.loanmodificationfoundation.com/