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To: w0z who wrote (41761)12/13/2012 9:11:12 AM
From: Fiscally Conservative  Respond to of 221958
 
There has been little trickle down into Middle and Lower Class pockets these past four years,imo. The velocity of money ,as you describe, does not point where the money went.
Consumers are still fairly tapped with available expendable cash.
True there was the Payroll Tax cut that gave the average Mom, Pop and Joe6pack an additional $ 2,000/yr although inflation has feasted on much of that, imo, and yet that too was borrowed from Social Security Fund.
How is it possible that the Federal Debt levels have increased the last four years in our country by over 36% and yet GDP barely budged past 11%. Velocity of money?



To: w0z who wrote (41761)12/13/2012 9:38:35 AM
From: GROUND ZERO™  Respond to of 221958
 
You make a very good point...

GZ