Thursday, June 16, 2011

The Truth About The Economy In 2 Minutes

The Truth About The Economy In 2 Minutes


Sean Cranley said...

It's the DEMAND, stupid. Investors don't create jobs, customers do.

Nemo said...

No, customers create demand. More accurately, customers are demand. Jobs are an artifact of supply creation.

Sean Cranley said...

Investors will not invest to create supply unless they perceive consumers can create demand. Consumers cannot create demand when they don't have money to exchange for goods or services.

We see this very clearly today as corprations are reported to be sitting on massive sums of money that they are not investing, because they do not believe there is demand.

The GOPlutocracy war on the middle class has used gubment GOPolicy for 30 years to shift massive amounts of wealth to the already wealthy and away from the middle class.

Consequently, the middle class no longer has the resources needed to act as consumers which was until the Great GOPcession of 2008 80% of the American economy. Until these trends are reversed the economy will not fully recover and unemployment will remain unacceptably high.

Income inequality is bad for democracy and it's bad for the economy. The only people it's good for is the ever ravenous 1 percenters.