A New Twist on "Giving Back"

I've been reading and talking lately about the "Giving Back" trend. In these recessionary times, consumers still feel it's still important to give back, and want companies to step up and pick up the slack from folk who have cut back due to finances.

Michael Moore's new movie will take an interesting twist on "Giving Back." There's a hillarious line Moore delivers in this teaser, "I already gave at the bail out." According to its release on YouTube, Moore will "explore the root causes of the global economic meltdown and take a comical look at the corporate and political shenanigans that culminated in what Moore described as "the biggest robbery in the history of this country" - the massive transfer of U.S. taxpayer money to private financial institutions."

The lingering anger and mistrust of "fat cats" and big payouts have to be shaping the findings of a study conducted by Boston-based L.E.K. Consulting that was released today. Despite the optimism among some economists and media folk about the economy, U.S. consumers are actually more pessimistic currently than they were in October 2008. Makes sense to me. In depth consumer interviews conducted via ZMET's approach last October revealed the mindset was "greedy people got us here." Stories of greed kept spinning throughout the winter (remember the Wall St bonus blowback?) As Warren Buffet said in a CNBC interview this past March, the economy has changed the very culture of our nation.

Whatever Michael Moore does with the topic, it will surely be provactive.