Debt ain’t income.

And if you won’t give People higher wages to restore a consumption based economy the only alternative is to adjust down the cost of debt to match their stinking wages.

And do we really want to go back to the days of a consumption based economy? Is that really sustainable? Yea, banks make fees but debt driven consumer demand doesn’t really make for a solid economy at all!

Also, note the articles reference to consumer sentiment. Obama is all about controlling the masses with promises of imminent prosperity opposed to Bush’s use of fear. The problem is Obama’s ideas of prosperity for the People are all generated by Special Interest groups who are more interested in prosperity for themselves - first and only – leaving prosperity up to the dubious mechanics of trickle- down economics. And that doesn’t serve the People at all.

http://finance.yahoo.com/news/households-return-borrowing-ways-022500985.html

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telliottmbamsc's picture
telliottmbamsc 6 years 51 weeks ago
#1

BBC: “Consumer spending up, income drop largest in 20 years.”

http://finance.yahoo.com/news/consumer-spending-income-posts-largest-133526081.html

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