The stimulus, if it is going to actually do anything productive, needs to be temporary, targeted, and timely. This bill is none of those things. Instead, it’s a disappointing, unfortunate product of fiercely partisan politics and the epitome of business-as-usual. And I’m sorry – honestly, because I wish it wasn’t true – but you can’t even make the argument that this is “change.” It’s a massive permanent increase in government discretionary spending (pork) mascarading as economic stimulus. Ninety percent of the alleged stimulus is for special-interests and social programs that, however well intended, will not and cannot create economic growth. This thing is an albatross. (more…)
Archive for January, 2009
These guys are insane! My palms were sweating about 30 seconds into this thing. And how the hell did they manage to get some of this footage??
Posted in Economy & Politics, Video Games, tagged consumer spending, cute cat, economy, electronic entertainment design and research group, forbes, MIT Interactive Entertainment SIG, NE Games SIG, New England Games SIG, video game industry on January 25, 2009| Leave a Comment »
You wouldn’t think so, but despite the fact that we’re in the midst of a big economic fart, people are still spending money on lots of things including games. Forbes.com recently compiled a list of the ten things we’re still buying despite our skinny wallets.
It is no surprise to me that video games are on the list. Video games actually saw a 14% increase in sales in 2008 (according to the Electronic Entertainment Design and Research Group). Games are a way for people to escape and have fun, so when you’ve just lost your job or your house, what better way to forget about those things for an hour than playing a game.
So, how else are we spending our meager moolah? Personal care (shaving cream, hairspray, etc.), other technology (smart phones and netbooks), gym memberships, movie tickets, restaurants, car maintenance, toy building sets (huh?) and dress casual shoes (shoes that can be worn at work and on the weekends).
P.S. – I’ve been involved with the New England Games and Interactive Entertainment Special Interest Group (MIT Enterprise Forum) since the fall and our next event is on March 3rd. The panel will actually discuss how the video game industry is being impacted by the economy. I’m looking forward to it.
I used to love reading those Choose Your Own Adventure books, and was inspired by two very different stimulus ideas I saw today…here it goes: