Economics that our system is built on is apolitical left alone. However, the disagreement amongst the right and the left is basically whether we spend the money on Democrat constituencies or Republican therefor making them politically at loggerheads......
More social spending versus more military spending. Social spending on existing programs boosts the economy immediately, while military spending boosts large campaign contributors income. Both are effective when the economy is going strong but getting the economy out of Depression means we need a large amount of cash in your and my hands to buy up all the private debt that is crushing the consumer.
As I've been posting (yes, I like being proven correct!) send us a big check and the Depression is over!
(until the next one, anyways.) because unemployed broke dicks can't buy shit. And employed broke dicks can't borrow shit. That means that our employers can't hire the unemployed if no one can buy anything.
Just what part of this don't they understand?
Answer..... Most of the people who own us understand this just fine. It's just a simple fact that no one wants to lose the power to boss us around and secure their little gang in control of the government and our economy!
And as for balancing budgets, ala Europe, this a disaster that will make the last Depression look like a fart in the windstorm!
So what's next? I expected A boom by now but oil speculation has so far crushed it as Oba mama hasn't a clue of what's going on. I have to admit that historians will be hard pressed to blame him as he is boxed in by the Republicans and the Dems have abandoned him in Congress. The Clintons are jockying for the 2016 nomination and sticking Oba mama in the ass. (you can't make this shit up!)
The unions got their asses kicked in Wisconsin, a stalwart leftwing lala land, last week.Who would have beleved it.Hell' even Romney looks good compared to the poor bastard in the BIG HOUSE. LOL.
Hey, at least Patti and I are set for retirement. We have a roof over our heads and my old truck to pull it. Remember, once your able to get out of state your creditors are screwed so worse comes to worse we are out of here and headed for SUNSHINE!!
Robert Reich (Why The Economy Can't Get Out of First Gear)
The Fed’s latest report shows how loud that pop was. Between 2007 and 2010 (the latest data available) American families’ median net worth fell almost 40 percent – down to levels last seen in 1992. The typical family’s wealth is their home, not their stock portfolio – and housing values have dropped by a third since 2006. Families have also become less confident about how much income they can expect in the future. In 2010, over 35% of American families said they did not “have a good idea of what their income would be for the next year.” That’s up from 31.4% in 2007. But because their incomes and their net worth have both dropped, families are saving less. The proportion of families that said they had saved in the preceding year fell from 56.4% in 2007 to 52% in 2010, the lowest level since the Fed began collecting that information in 1992. Bottom line: The American economy is still struggling because the vast American middle class can’t spend more to get it out of first gear. What to do? There’s no s
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