The reason the economy is not recovering faster

[NJMaverick]

In a nut shell it's simple math. 99% can buy more goods and services than 1%. Thanks to the efforts of the 1% and the GOP that the own, the 99% has seen stagnant or declining wages, 100s of thousands of government workers have been laid off and unions have been under constant attack. As a result of this people have much less money to spend. That spending is what is needed to really get the economy going.

So the bottom line, if you want or economy to truly prosper the GOP and Tea Party must be defeated so that wages can rise and people can get back to work.

[jaxx]

So true. People can't spend what they don't have. Those who are hoarding billions in the Caymans and other places hoping the GOP wins in Nov. need to bring that money back and pay taxes on it. Voting Democratic will be our only salvation.

[There Is No Spoon]

A right-wing analyst on one of the shows was saying "wages are still too high".

People like that are not Americans, they are money-grubbers who could care less about another human being.

[sandnsea]

I think it's because the people who build houses are still out of work. That is one of the few industries where young men can make good money with little skills. Oregon has stopped letting banks process the foreclosure at the same time they're supposed to be negotiating a modification. I think they're also making them sit down, face to face, with the homeowner. That would have probably saved my daughter's home. You just can't talk to anybody who has authority to do anything, it's a take the shitty modification or lose your house. And the HAMP modifications ARE shitty. They're okay short term, but people will be right back in the same mess five years down the road when the mortgages reset. At least they are writing good mortgages for new buyers, so that's something. But until this housing mess truly stabilized, people are going to be leary to spend much money for remodels or new construction. At least not in this town and that was what really fueled the good jobs in our local economy. Tourism brings some money to a few local business owners, but most of them are California retirees using their business for a tax write-off anyway. Their employees aer mostly teen-agers.

[JuniperLea]

Where will their precious money come from when the rest of us are dead or flat broke or both? Surely greed doesn't stop for The Reaper.

[Velleity]

(04-09-2012 11:20 AM)NJMaverick Wrote:  In a nut shell it's simple math. 99% can buy more goods and services than 1%. Thanks to the efforts of the 1% and the GOP that the own, the 99% has seen stagnant or declining wages, 100s of thousands of government workers have been laid off and unions have been under constant attack. As a result of this people have much less money to spend. That spending is what is needed to really get the economy going.

So the bottom line, if you want or economy to truly prosper the GOP and Tea Party must be defeated so that wages can rise and people can get back to work.

Oh, most definitely and undeniably. Yet "conservatives" continue to deny the undeniable and they continue to push "supply-side economics" either overtly or by stealth.

Think about all of the extra money that the top 1% get. They don't need it. They don't spend it on things. It's funny money so they what do they do with it? They don't care if they lose it because it's funny money so they'll put it into the most speculative things like credit default swaps with the notion of the highest returns and they create bubbles.

Concentration of wealth is a very unhealthy condition, and the "conservatives" pull the old "Those aren't the droids you're looking for, move along" routine. No facts will be considered by them.

[pappy]

(04-09-2012 11:20 AM)NJMaverick Wrote:  So the bottom line, if you want or economy to truly prosper the GOP and Tea Party must be defeated so that wages can rise and people can get back to work.

And once the economy prospers and people are back to work the Publicans take credit.