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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Bilow who wrote (749885)10/28/2013 4:19:46 PM
From: Tenchusatsu1 Recommendation

Recommended By
TideGlider

  Read Replies (1) | Respond to of 1574054
 
Carl,
I doubt this is true. What makes consumers confident is the knowledge that they're still going to have a job next year. And the primary contributor to that is high demand for labor. And that we don't have.
Well yeah, there are a lot of things that are key to increasing consumer confidence.

However, I was addressing the policies that are intended to go after the savings of the rich and powerful, but all too often punish the average consumer. Even the concept of "dropping money out of helicopters" has negative consequences that I argue will just cement the huge gap between rich and poor.

By the way, I don't agree that Republicans who wanted to control government spending would have been disastrous for the economy, because some of them realize that just "moving the bubble" isn't going to fix anything in the long term. An economy in recession needs a soft landing, no doubt about that. But the real fixes will have to come in the form of bitter medicines that I don't think anyone in politics has the courage to pursue.

Tenchusatsu